Under Contract with Eurocopter (EADS)
From Xinhua News February 12, 2011
He noted that the new helicopters would be delivered in June next year, with a price tag between 30 million yuan (4.55 million U.S. dollars) to 60 million yuan.|
The company already invested about 500 million yuan for the first phase of production, which will be carried out on its 33.3-hectare Changshu base in Jiangsu Province.
The company had also set up a second production base in Shanghai over an area of 13.3 hectares, according to Wu.
Wu said his company would first resort to manufacturing the helicopters through CKD, and that they aim to produce all parts and components in China later on.
Originally an automotive and motorcycle parts manufacturer, Zhong-Ou International Group began manufacturing high-end motor homes in 2002. The company also signed contracts with German automaker Mercedes-Benz to jointly produce Benz-branded motor homes.
Eurocopter, a subsidiary owned fully by European Aeronautic, Defense and Space Company (EADS), is the world's largest helicopter manufacturer in terms of revenue.