www.chinabuses.org: Supported by leaders in Xinyu Municipal Committee, Jiangxi Xinyu High Tech Industrial Development Zone talked actively with Beijing Qingshan New Energy Development Company on power battery and electric buses projects, and they signed contracts on August 5th.

　　
The program aims to produce and sell power battery and electric buses. Total investment of seven billion RMB will be put into use in three phases, and 120 power batteries production lines and 60,000 annual outputs will be established. The first investments are 1.75 billion Yuan to establish 30 power batteries production lines and 10,000 annual outputs; the second investments are 1.75 billion Yuan to establish 30 power batteries production lines and 20,000 annual outputs; and the third investments are 3.5 billion Yuan to establish 60 power batteries production lines and 30,000 annual outputs.

In addition, Beijing Qingshan Energy Development Company will set the biggest lithium battery base in China.