Beiben Heavy Truck FAW Shandong Automobile Refit Plant Supporting Project Settled in Penglai
In recent months, the Indus Auto Parts Project, specifically designed for Beiben Heavy Truck and the FAW Shandong Automobile Refitting Plant, has made significant progress. The main structure of the workshop, equipment foundations, and site preparation have been completed. The distribution room is currently under construction, and the installation of key equipment has officially begun. By the end of November, the foundry workshop’s equipment was fully installed. This project serves as a successful example of coordinated development between automobile manufacturers and their supporting enterprises in Penglai City, Shandong Province. It highlights the city's focus on three core strategies: nurturing industry leaders, emphasizing industrial characteristics, and strengthening the industrial chain.
Meanwhile, several supporting projects are currently underway, with new investment opportunities such as Baotou Xingye Light Industrial Products also making their way into the city. This year, the auto parts industry in Penglai has developed into a thriving ecosystem, led by two major automobile manufacturers, with numerous supporting projects following closely behind, creating a positive and sustainable growth environment.
Since the start of the year, the Penglai City Bureau of Foreign Trade and Economic Cooperation in Shandong Province has actively worked to attract domestic auto parts manufacturers. After re-evaluating the city's industrial advantages, status, and development plans, they targeted specific companies for investment promotion. A team of specialized personnel visited over 60 enterprises in key automotive regions like Shanghai, Chongqing, Changchun, and Baoding. During a special meeting with Shanghai GM suppliers, the bureau staff proactively collected detailed lists of exhibitors and contact information, reaching out to more than 30 potential partners. Among them, Yanfeng Visteon Jinqiao Trim Co., Ltd., Pinghe Seiko Automotive Parts (Taicang) Co., Ltd., and Shanghai Baosteel Wheel Co., Ltd. have shown strong interest in investing in Penglai and are expected to visit soon.
In addition to actively promoting the city externally, the bureau has also invited over 20 companies, including FAW Foao, Shanghai Shuan Automotive Air Conditioning Co., Ltd., and Baotou Xingye Light Industrial Products Co., Ltd., to visit Penglai. One notable success came from the Baotou Star Leaf light industrial product project, which decided to invest after its visit. As of now, five new supporting projects have already been settled in the city, with a total investment of 110 million yuan. Additionally, 11 other projects are in negotiation, with an estimated total investment of 2 billion yuan.
Penglai continues to position itself as a key player in the auto industry, attracting both domestic and international investors through strategic planning, active outreach, and a growing industrial ecosystem.
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