Chinese auto manufacturer Geely Auto is on target to launch a production plant for new energy vehicles (NEVs) in April 2022 in Wuhan in central China's Hubei province.
The firm plans to invest 9.04bn yuan ($1.32bn) to build the plant, with a combined capacity of 150,000 units/yr for fuel vehicles and NEVs. Construction is projected to start later this year.
Geely is also partnering with German's Daimler to build a plant with 150,000 units/yr of a pure electric smart model in Xi'an city in northwest China's Shaanxi province, with a start-up targeted in 2022.
It launched last month a 100,000 units/yr electric motor plant in Zhangjiakou in north China's Hebei province, in partnership with Volvo China Investment.
The growth in China's auto industry is expected to support demand for automotive parts and their feedstocks such as light metals and battery metals, including aluminium, magnesium, silicon, cobalt, lithium, nickel, graphite and manganese.