A new energy auto manufacturing export industrial base affiliated with Nanjing King Long Corporation will be established in Lingwu City, Ningxia Hui Autonomous Region, according to a contract signing ceremony held in Yinchuan City on August 16.

With a planned investment of 3 billion yuan, the base project will start construction at the end of this year and is expected to complete construction by 2019. It plans to manufacture 8000 new energy vehicles annually within five years after its completion, with an annual output of 3 billion yuan. It is expected to create 3,000 job opportunities for local people.