OREANDA-NEWS. TCL invested 7 billion RMB in Hefei to build the base of fridge and washing machine. The project, located in Taohua Industrial Park, covers an area of 2000 mu. It is learned that the project is divided into 3 phases with construction duration of 5 years.

After completion, the annual production capacity will reach 8 million sets with industrial value of over 20 billion RMB.

Li Dongsheng, chairman of the board and CEO of TCL Group, said that the investment in Hefei is a strategic measure of TCL shifting home appliance industry to high end.