EVLN(Taoyuan Hi-Tech Industrial Park for production of 500,000 EVs/yr)

[Bruce {EVangel} Parmenter <BruceDP@iname.com>]

EVLN(Taoyuan Hi-Tech Industrial Park for production of 500,000 EVs/yr)
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EV - Taiwan Economic News (TENW) FPG to set up electric car plant in
Taoyuan Hi-Tech Industrial Park 05/20/99 Copyright (C) 1999 China
Economic News Service; Source: World Reporter (TM)

Taipei, May 19, 1999 (CENS)--Wang Yung-ching, chairman of the Formosa
Plastics Group (FPG), indicated Wednesday that the group will invest
US$2 billion to establish a factory in the Taoyuan Hi-Tech Industrial
Park for production of 500,000 electric (battery-powered) cars a
year.

Wang made the announcement at the signing of the industrial park
development with the Taoyuan County Government on behalf of Asia
Pacific Investment Co., an investment company reinvested by FPG, to
undertake development of the industrial park aforementioned on a
commission basis.  Wang is also the chairman of Asia Pacific.
[...]
The industrial park covers 320 hectares in land area, and the electric
car factory and satellite plants of auto parts together will occupy
29.4 hectares. Asia Pacific has been developing electric cars for four
years.  It has already developed a prototype. The needed manufacturing
technology is nearly mature. Electric cars will be 100% made the FPG,
Wang asserted.
 ...
 http://www.cens.com/   
China Economic News Service
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