China's Great Wall Motor Co. plans to invest about $600 million to build a car plant in the Primorye region in the Far East, the regional administration said in a press release.
"The Great Wall plant, which will have the capacity to assemble 150,000 vehicles annually, will be built in Ussuriysk," the release said, Interfax reported
During the first phase of the project, which will cost $350 million, four production lines will be built — pressing, welding, painting and final assembly — as well as a division that will produce parts. The second phase will cost $250 million and will involve increasing productivity and capacity.
A greenfield site of 150 hectares has already been selected for the new construction. Construction will take from 20 to 24 months.