The five largest automotive construction projects initiated globally in Q2 2022

These are the largest auto construction projects launched worldwide in the second quarter of 2022, according to GlobalData’s construction projects database.

1. Changchun New Energy Vehicle Manufacturing Plant: – $5,223m

The project includes the construction of a new energy vehicle (NEV) plant in Changchun, Jilin, China.

Construction work started in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2024.

The project aims to increase production capacity to meet the growing demand for NEV in China.

2. Vehicle Assembly Plant in Debrecen – $1,200m

The project includes the construction of a vehicle assembly plant with a capacity of 150,000 cars per year on a 400 ha site in Debrecen, Hungary.

Construction work started in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2025.

The project aims to build both standard combustion cars and electrified models on the same line. It will create 1,000 new jobs.

3. New EV Manufacturing Factory in Guangzhou – $521m

The project includes the construction of a new energy vehicle (NEV) plant in Jianyang, Sichuan, China.

Construction work started in the second quarter of 2022 and is expected to be completed in the third quarter of 2024.

The project aims to increase production capacity to meet the growing demand for NEVs in China. It will be a highly efficient, smart and low-carbon EV factory.

4. Expansion of Timisoara EV battery factory – $226m

The project includes the construction of a 20,000 m2 EV battery factory in Timis, Romania.

Construction work started in the second quarter of 2022 and is expected to be completed in the second quarter of 2024.

The aim of the project is to expand the existing factory by building a zero energy plant and to meet the growing demand for EV batteries.

5. Geelong Armored Vehicle Center of Excellence Manufacturing Facility – $125 million

The project includes the construction of a 32,000 m2 armored vehicle manufacturing facilities in Geelong, Victoria, Australia.

Construction work started in the second quarter of 2022 and is expected to be completed in the fourth quarter of 2024.

The project aims to produce a fleet of locally built and maintained self-propelled howitzers for the Australian military. The development is expected to generate $147 million in throughput investments, more local jobs and export opportunities.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25 million from announcement to completion.

Verdict’s parent company GlobalData plc provides business intelligence to 4,000 of the world’s largest companies.

Leave a Comment

Your email address will not be published.