1

Dongfeng Peugeot Citroen's $2 billion Chengdu plant

Executives from Dongfeng Peugeot Citroen Automobile Co Ltd and officials from Chengdu municipality break ground on the company's fouth manufacturing plant in Chengdu, capital of Sichuan province, Oct 16, 2014. [Wang Jingjing / chinadaily.com.cn]

Dongfeng Peugeot Citroen Automobile Co Ltd broke ground in October for the company's fourth plant in Chengdu, Southwest China's Sichuan province. The carmaker invested 12.3 billion yuan ($2 billion) in the new plant located in east Chengdu. The plant is scheduled to start operations in 2016. Once completed, the plant is expected to have an estimated annual production capacity of 360,000 vehicles.