On April 26th, Wanxiang Pure Electric Vehicles and Lithium Battery Production Base laid the foundation in the Xiaoshan Economic Development Zone. Relying on the resource advantages of Wanxiang Electric Vehicle R&D and mass production, the pilot launch ceremony for demonstration and promotion of energy saving and new energy vehicles in Hangzhou was held simultaneously.

Electric vehicles rely on electric drives. Compared with traditional cars, they have reduced engines, transmissions, fuel tanks, mufflers, and exhaust pipes. They can achieve zero emissions, low energy consumption, and low noise requirements for energy saving and environmental protection. In electric vehicle parts, batteries are Core components.

The newly-founded Wanxiang Electric Vehicle·Lithium Battery Production Base Project has added 1.365 billion yuan in new investment. By 2010, Wanxiang will reach an annual output of 1,000 pure electric commercial vehicles and 1 billion watt-hour lithium-ion battery. scale. It is reported that Wanxiang Group will also increase investment in the next step, plans to establish a new energy automotive industry base, build a battery - motor - electronic control - electric vehicle industry chain.