(Yicai Global) Oct. 19 -- Changan Ford Automobile Co., a joint venture between Changan Automobile Group Co. [SHE:000625] and Ford Motor Co. [NYSE:F], will invest CNY800 million (USD120.9 million) to expand its technology development center in western China's Chongqing municipality, online media outlet Jiemian News reported yesterday.
The expanded center will include a new series of vehicle testing devices in line with Ford's global technological standards.
The center will significantly improve Changan Ford's ability to the develop automobiles, engines, gearboxes, and components. The project also includes a vehicle wind tunnel laboratory.
"The new center will reinforce our product research and development capability," said He Chaobing, executive vice president of Changan Ford.