Wuhan plans $7.3B automotive innovation hub

Wuhan skyline — A passenger ferry crosses the Yangtze River in Wuhan on Feb. 7, 2023. (BLOOMBERG)

R

By:

Reuters

March 24, 2023 06:24 PM

BEIJING -- The Wuhan Economic Development Investment Co. plans to invest 50 billion yuan ($7.30 billion) to build an innovative automobile corridor in the city that will focus on new energy vehicles, automotive electronics, automotive chips and the automotive aftermarket.

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