The new plants are to be set up in the eastern Chinese cities of Tianjin and Qingdao.
The automaker also plans to expand production capacity at its plant in Chengdu in western China to 600,000 vehicles per year, Reuters said.
Stocks add to gains in a relief rally Tuesday following the the first of three presidential debates on Monday.
Department of Justice fines weigh on Deutsche Bank and Volkswagen.
Stocks move higher in a relief rally Tuesday following the the first of three presidential debates on Monday.
U.S. stocks slipped Tuesday as investors processed the first presidential debate between Hillary Clinton and Donald Trump on Monday.