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Chinese automaker FAW announces new-energy (read: hybrid) vehicle factory

Despite the lackluster sales from rival company BYD, Chinese automaker FAW has announced a new manufacturing plant that will specialize in building hybrid vehicles. Set to be completed in 2012, the automaker expects to build about 1,000 hybrid buses and 11,000 hybrid sedans per year at the new plant, which seems like a bit of a stretch for a company that had previously announced a steady plan to build hybrid in much smaller numbers (100 hybrid buses and 20 hybrid sedans in 2009, 200 hybrid buses and 100 hybrid sedans in 2010 and 450 hybrid ... Read more →

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