Wuhan (Xinhua) - British company Lotus Cars, which specializes in the manufacture of sports and racing cars, has completed construction work for its new factory in Wuhan, capital of Hubei Province in central China .

The factory, covering an area of about 100 hectares, is located in Wuhan Economic and Technological Development Zone, an auto cluster in China.

According to Zhejiang Geely Holding Group, a Chinese automaker that bought Lotus Cars in 2017, the total investment in the plant was 8 billion yuan (about 1.2 billion US dollars).

According to Geely, the new plant will produce three models of electric vehicles, with a designed annual production capacity of 150,000 units.

The Wuhan Economic and Technological Development Zone has more than 10 auto manufacturers and about 500 auto parts companies.

The region produces nearly 1 million vehicles each year, with an annual industrial output of more than 320 billion yuan.