Shandong Rizhao: Establishing Sino-Korea Auto Parts Industry Cooperation Heights

Rizhao Economic and Technological Development Zone has seized the opportunity to create a cooperation highland for the auto parts industry in China and South Korea. At present, the WIA engine three plant and the rough three plant have been put into production, and the auto parts industry is expected to achieve an annual output value of 20 billion yuan.

According to the staff of the Management Committee of Rizhao Economic and Technological Development Zone, the first phase of the Auto Parts Industrial Park in the Development Zone attracted more than 20 auto parts enterprises including the Weihai Automobile Engine, Ruirong Machinery, and Atac Auto Parts, with a total investment of 8.5 billion yuan. yuan. The second phase of the project was started at the beginning of the year and is under construction.

In order to promote new breakthroughs in industry investment. The management committee has repeatedly visited the Republic of Korea to promote investment, focusing on the automotive power system as the core, and constantly introducing key components and key technologies for auto parts. In August, the transmission of modern transmissions was 120 million U.S. dollars to start construction of the second factory, and the investment will be made in mid-September. The US$32 million new expansion of the manual gearbox and splitter production line, South Korea's southeast casting project is preparing to invest 85 million US dollars.

“In order to expand the scale of industrial clusters, we have also set up specialized service organizations to implement one-to-one support from project construction to completion and operation, and we have implemented multi-sectoral and weekly joint service for key projects.” Staff introduction. It is reported that at present, the WIA engine 3 plant and the rough 3 plant have been put into production, with a total engine capacity of 780,000 units and a transmission of 300,000 units. The auto parts industry is expected to achieve an annual output value of 20 billion yuan.

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