Here are the largest automotive construction projects initiated globally in Q2 2022, according to GlobalData’s construction projects database.
1. Changchun New Energy Vehicle Manufacturing Plant – $5,223m
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The project involves the construction of a new energy vehicle (NEV) manufacturing plant in Changchun, Jilin, China.
Construction work started in Q2 2022 and is expected to be completed in Q4 2024.
The project aims to increase production capacity to meet the growing demand for NEV in China.
2. Debrecen Vehicles Assembly Plant – $1,200m
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By GlobalDataThe project involves the construction of a vehicle assembly plant to handle a capacity of 150,000 cars per year on a 400ha of land in Debrecen, Hungary.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2025.
The project aims to build both standard internal-combustion cars and electrified models on the same line. It will create 1,000 new jobs.
3. Guangzhou New EV Production Plant – $521m
The project involves the construction of a new energy vehicle (NEV) manufacturing plant in Jianyang, Sichuan, China.
Construction work started in Q2 2022 and is forecast to complete in Q3 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 plant.
4. Timisoara EV Battery Manufacturing Plant Expansion – $226m
The project involves the construction of a 20,000m2 EV battery plant in Timis, Romania.
Construction work commenced in Q2 2022 and is expected to be completed in Q2 2024.
The aim of the project is to expand the existing factory by building a zero energy facilities and to meet the growing demand for EV batteries.
5. Geelong Armoured Vehicle Centre of Excellence Manufacturing Facility – $125m
The project involves the construction of a 32,000m2 armored vehicle center manufacturing facilities in Geelong, Victoria, Australia.
Construction work started in Q2 2022 and is expected to be completed in Q4 2024.
The project aims to produce a fleet of locally built and maintained self-propelled howitzers for the Australian army. It is expected to generate $147 million in flow-on investment, more local jobs, and export opportunities from the development.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.
