FAW-Volkswagen is constructing a production base in Jimo, Qingdao, a coastal city of east China's Shandong province. [qingdaonews.com]

FAW-Volkswagen is constructing a production base in Jimo, Qingdao, a coastal city of east China's Shandong province.

The base in the Qingdao automobile industrial area will have a total constructed gross floor area of 500,000 square meters and a first phrase investment of 14.4 billion yuan (US$ 2.25 billion). The base could create as many as 9,200 jobs.

FAW-Volkswagen is a joint venture of China's FAW Group, Germany's Volkswagen AG, Audi AG and Volkswagen Automobile Investment Co. Ltd.

FAW-Volkswagen previously opened production bases in Changchun, Chengdu and Foshan.