| 18-04-2008
More than 40 years of endeavors has built the coastal city of Qingdao, East China's Shandong Province, into a major automobile production base in China. Qingdao is now home to some 100 automobile and auto-parts makers each with more than 5 million yuan (US$600,000) in annual sales, including four bus producers, a car maker, a truck manufacturer, six plants for refitting vehicles, and a number of auto-parts enterprises; meanwhile, the city has signed contracts with the Shanghai Automobile Group Company and Sweden's Volvo on a joint project, which is expected to produce annually 3,000 buses in 2008.
Shandong Province last year manufactured more than 300,000 automobiles and 900,000 motors and earned more than 82 billion yuan (US$9.87 billion) in sales. The automobile industry has become a pillar sector for economic development in Shandong.
Editor: Frederick Wei from Chinabuses.com
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