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Nanjing King Long Bus Co. Ltd is founded in 2000, the controlling shareholder of which is Nanjing Chuangyuan Tiandi Bus Co. Ltd of Skyworth Group. Its president is Huang Hongsheng, the founder of Skyworth Group.
In 2013, Nanjing King Long Wuhan New Energy Bus Co. Ltd, a wholly-owned subsidiary of Nanjing King Long, was founded in Wuhan. Wuhan King Long formed a strategic partnership with Tongyu New Energy Co. Ltd, founded by Wuhan University of Technology. Tongyu New Energy Co. Ltd has a matching rate of 80% for the core components of Wuhan King Long.
Huang Hongsheng indicated that Nanjing King Long was going to expand its investment in Wuhan. Specifically speaking, Nanjing King Long was to invest 2 billion RMB for the construction research and development base, manufacturing base and assemble base for pure electric buses. It is projected to produce 10000 pure electric buses, medium buses and light buses with annual sales up to 10 billion RMB.
Liang Zhikang, mayor of Wuhan, said that Wuhan would provide a good investment environment for enterprises and encourage their development and expansion.
Nanjing King Long"s sales of new energy buses ranked first in China last year. Its 49 seats pure electric bus can travel 300 kilometers per charge. The 6-meter pure electric service car can save 11,200 liter diesel (75,000 RMB) per year and is sold at 300,000 RMB.
With dust-haze pollution aggravating, new energy bus market is facing more opportunities. In 2014, Wuhan is going to spend 450 million RMB to purchase 300 new energy buses. Many major bus manufacturers are pushing their way into the market. Tianjin Lishen Battery Jiont-Stock Co. Ltd announced the other day to invest 6 billion RMB in Wuhan for battery production base.