Xinhuanet Nanjing, May 18 (Reporter Zou Qingli) Jiangsu Changshu City has attracted 41 foreign-invested auto parts companies in recent years, with a total investment of US$1.5 billion, which has become a hot spot for auto parts industry investment in the world.
In the investment promotion event of the Changshu Automobile Parts Industrial Park held on the 18th, representatives from nearly 100 automakers such as U.S. General Motors, Japan’s Toyota Motors, and German Volkswagen, etc. visited the site and were very optimistic about Changshu’s investment environment. Ten companies immediately Signed investment intentions for auto parts production.
According to Yang Shenghua, party secretary of Changshu City, Changshu’s industrial economy has maintained an annual growth rate of 20% since the beginning of the new century, and the average annual growth rate of regional GDP and fiscal revenue has remained above 15%. In recent years, Changshu City has made great efforts to develop precision machinery industry featuring advanced manufacturing technologies in the adjustment of industrial economic structure. Relying on the largest auto parts market in East China, Changshu International Auto Parts City, the auto parts industry has been agglomerated, and more than 300 auto parts production companies have been cultivated and introduced, forming an advantageous auto parts industrial chain. Sumitomo, NSK, Oudekes, American Axles, Aishi An, and other well-known auto parts manufacturers in China and abroad have established production bases in Changshu. They mainly produce special vehicles, fire engines, automobile jacks, and airbags. , Steering wheel assembly and other products, for the German Mercedes-Benz, the United States Ford, General Motors, France Renault, Japan's Toyota, Honda, as well as domestic FAW-Volkswagen, Shanghai GM and other large-scale domestic and foreign automobile production companies supporting.
The Changshu Automobile Parts Industrial Park established in the Changshu Southeast Economic Development Zone, in accordance with the development ideas of “industrial agglomeration, enterprise clusters, and land intensivenessâ€, will focus on the introduction of high-tech and high-value-added auto parts projects to form automobile parts and components. R & D, production and sales of a unique park. At present, there are 54 domestic and foreign auto parts manufacturers that have settled in the park. (Finish)
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