2009-03-10 Zhengzhou
China's Golden Dragon Group recently commenced the construction of its lithium battery and lithium battery-powered bicycle production facility in Xinxiang, Henan province. With an investment amounting to RMB230 million, or approximately US$34 million, the phase one project will have a production capacity of 1 million lithium battery-powered bicycles a year, which will be expanded to 5 million units a year. The facility is expected to generate sales of RMB2 billion, or approximately US$292 million.
There is no resting place for an enterprise in a competitive economy.
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