A Chinese factory will produce in Romania electric vehicles for the whole Europe

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A factory from the People’s Republic of China has chosen Romania to expand its business in the field of producing non-polluting vehicles for the market in all the European countries. The investment will be possible due to a partnership agreement concluded with a Chinese company established in Prahova County almost ten years ago; the possibility of developing this project is also guaranteed by the presence of a political leader from the most important Chinese province. Being in Romania on June 8, 2018, a delegation led by Chen Qiufa, Party Secretary of the Liaoning Province from the People’s Republic of China, visited the city of Baicoi, Prahova County.

The event was occasioned by the initiation of an investment project of the company Lianoning Qianfeng New Energy Automobile, aiming to set up a factory for producing 100% electric cars, located in the Baicoi Industrial Park, owned by the Chinese company Meteor International Import – Export. The agreement between the two parties was concluded by Liu Shiyu, from YingKou YuYuan Industrial Co, the investor form Meteor Baicoi, and Frank Xu, the representative of Liaoning Qianfeng New Energy Automobile Co. The event was also attended by representatives of the local and cunty authorities, including the Mayor of Baicoi, Marius Constantin, and the President of the Prahova Chamber of Commerce and Industry, Aurelian Gogulescu.

The Baicoi Industrial Park, owned by the Chinese company Meteor International Import-Export and established almost ten years ago, is the only exclusively Chinese park in both Prahova County and Romania. After the association agreement was concluded by the two parties, it was mentioned that in the first phase, an investment of approx. EUR 50 million is expected, and 250 jobs will be created, and later other EUR 50 million will be invested. Regarding setting up a factory that will produce non-polluting cars in Romania, in Prahova County, the Chinese officials are quite optimistic. “We have seen locations in 20 countries before taking the decision to invest in Romania. Here, we have found very well trained workforce and an investment environment proper for developing businesses” stated Frank Xu, Chairman of the Board Liaoning Qianfeng New Energy from China.

“We represent a company specialized in electric coaches, which produces 7,000 such non-polluting cars per year. When it will be fully operational, the factory we will establish in Romania will have 450 workers. In the first phase, the new factory will function with specialized staff from China, for the technical part, in order to train the Romanian personnel, which we want to represent 80% of the personnel. We expect an annual production of 3,000 electric cars. The production will go to all the European countries” added the representative of the Chinese non-polluting car company.

In his turn, the President of the Prahova Chamber of Commerce and Industry, Aurelian Gogulescu, wished to mention that the new Chinese investment will be by far the largest one in both Prahova and Romania. “It would be extraordinary to see this investment regarding the production of the non-polluting cars achieved. Actually, by signing the association agreement, the start of the first phase was established, which is very important. This will by a high level investment. It will be the largest Chinese investment in Prahova and on national level, by far. It is a proof that foreign investment are successful in our county, given that foreign companies from 90 countries are registered. There are 50 small Chinese companies, some of them in the field of import-export, but there are also small factories who are operating in the production field” stated the President of the Prahova Chamber of Commerce and Industry.

We mention that before going to Baicoi, Prahova County, the delegation from the Chinese province Liaoning had an official meeting in Bucharest with two members of the Government, both of them parliamentarians from Prahova. The meeting took place on June 5, at the headquarters of the Ministry of Environment, with the MP Gratiela Gavrilescu, who is Vice PM and Minister of Environment, and with Senator Radu Oprea, the Minister of Business Environment, Commerce and Entrepreneurship. The meeting was also attended by the President of the Prahova Chamber of Commerce and Industry, and the theme of the meeting was the set-up of a non-polluting car factory in Prahova County.