The cost of setting up an EV manufacturing plant in Anhui varies based on production capacity, automation level, and location. Total investment ranges from RMB 500M to RMB 3.5B for a complete assembly plant.
Yes, as of 2022, foreign companies can fully own EV manufacturing facilities anywhere in China, including Anhui Province. The passenger vehicle manufacturing restriction on the Negative List was fully removed.
Anhui Province is home to over 1.2 million electric vehicles on the road as of mid-2026, representing a 64% year-over-year increase, creating opportunities in charging infrastructure and EV aftermarket.