Recently, the Lingyun Auto Parts Project invested by Lingyun Industrial Co., Ltd., a listed company controlled by China North Industries Group Corporation, has signed and settled in the Yantai Development Zone. The project is mainly for Shanghai GM Dongyue base supporting car bumpers, door frames and other components. Ammonium Metatungstate,Ammonium Metatungstate Hydrate,Ammonium Metatungstate Powder,Ammonium Tungsten Partial HUNAN ZHONGNAN ANTIMONY&TUNGSTEN TRADING CO.,LTD , https://www.zhongnanats.com
The Lingyun Project is just one of the key pieces of the 100 billion-class auto industry in Yantai. While expanding the intermediate manufacturing process, Yantai Development Zone will focus on nurturing the R&D chain, strengthening the marketing chain, increasing global competitiveness, and promoting the development of the automotive industry toward both ends of the “smile curveâ€. This year, five Fortune 500 companies, including Shougang Toyota Auto Air Conditioner Compressor, Pohang Auster Automotive Chassis, and Yanfeng Biou Automotive Exterior Parts, have joined the Yantai automotive industry, of which two are engaged in R&D and sales.
“The current manufacturing industry has low profits and global manufacturing has oversupply, but R&D and marketing have high added value. We aim at the world’s top 500 to take the initiative and strive to extend the 'smile curve' and reverse the passive situation of using foreign capital.†Yantai Development Zone Business According to Director Zhang Wenqing, a total of 12 automobile investment projects were introduced this year with a total investment of 500 million U.S. dollars.
“The Lingyun Automobile Project's settlement will not only inject the world's top 500 fresh blood into the automobile accessory industry, but will also give full play to the advantages of industrial agglomeration, further optimize the Yantai automobile manufacturing industry structure, and enhance the overall level of industrial development.†Yantai City Economic and Information Commission According to the person in charge, since Shanghai GM Dongyue Base was put into production in 2003, it has cumulatively produced more than 1.7 million cars, more than 5.4 million engines and transmissions.
Up to now, only the Yantai Development Zone has reached more than 200 automotive and component projects, with a total investment of US$3.3 billion, forming an automobile industry system with the entire vehicle as the leader, engines, automatic transmissions, and vehicle air conditioners as the core.