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 the plant site have been hardened, while the distribution room is currently under construction. Equipment installation has recently begun, with all machinery for the foundry workshop expected to be in place by the end of November. This project serves as a prime example of the coordinated development between automobile manufacturers and their supporting enterprises in Penglai City, Shandong Province. It reflects the city's focus on three key areas: cultivating industry leaders, highlighting industrial characteristics, and strengthening the industrial chain.
The supporting projects currently under construction are progressing rapidly, and several new investment projects, such as Baotou Xingye Light Industrial Products, have already chosen to establish themselves in the city. This year, the automobile and auto parts industry in Penglai has developed into a robust ecosystem, led by two major automobile manufacturers, with supporting industrial projects following closely behind, ensuring sustainable and healthy growth.
Since the start of the year, the Penglai City Bureau of Foreign Trade and Economic Cooperation in Shandong Province has actively worked to identify and attract domestic auto parts manufacturers. Based on a comprehensive re-evaluation of the city’s industrial advantages, current status, and long-term planning, they have targeted specific companies for investment promotion. Specialized personnel from the bureau traveled to major automotive hubs like Shanghai, Chongqing, Changchun, and Baoding, visiting over 60 enterprises. During the Shanghai GM supplier special meeting, the bureau staff proactively collected detailed lists of exhibitors and contact information, reaching out to more than 30 suppliers. Notably, companies such as Yanfeng Visteon Jinqiao Trim Co., Ltd., Pinghe Seiko Automotive Parts (Taicang) Co., Ltd., and Shanghai Baosteel Wheel Co., Ltd. have shown interest in investing in Penglai and are expected to visit soon.
In addition to these outbound efforts, 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. Following their visits, the Baotou Star Leaf light industrial product project has decided to invest in the city. As of now, Penglai has successfully attracted five new supporting projects with a total investment of 110 million yuan, and there are 11 other projects currently in negotiation, with a planned total investment of 2 billion yuan.
This continuous momentum highlights Penglai's growing appeal as a strategic location for the automobile and auto parts industry, reinforcing its position as a key player in regional industrial development.
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