Changsha "Brings Out" 100 Billion Billion Auto Parts "Cake

“In five years, the total vehicle production capacity in Changsha will reach 1.2 million units, which will be complemented by a parts and components market with a scale of 100 billion yuan.” At the Changsha Auto Parts Cooperation Conference held on January 15, the city of Changsha to the Mainland More than 160 auto parts companies have thrown huge business opportunities.

At the fair, 6 vehicle manufacturers including GAC Fiat and BYD announced plans to purchase parts and components. Seven Fortune 500 companies, including Mitsui and Baosteel, and many domestic parts and components companies displayed their latest parts and components at the scene. On the basis of long-term cooperation, a substantive negotiation was held. Eleven parts and components companies decided to settle in Changsha Economic Development Zone, which was matched with GAC Fiat and other companies.

In recent years, the development of Changsha's auto industry has been flourishing. There are more than 200 auto and auto parts enterprises above designated size. The entire vehicle production covers Fiat, BYD, Zhongtai sedan, Beiqi Futian, Shaanxi Auto Heavy Truck, Changfeng Off-road Vehicle, and Zoomlion. There are six categories of special vehicles for cars, Sany Heavy Industry Trucks, Meihua Passenger Cars and BYD New Energy Vehicles. The supporting parts and components companies include Fortune 500 companies such as Bosch and Hitachi, as well as a group of local companies such as Tongxin Industrial and Xiaoguang Mold. It is reported that Changsha City is currently planning to open an automobile industry supporting park in Changsha Economic Development Zone. The municipal government has decided to implement incentives for the local vehicle companies that complete the parts and components and the parts and components companies that provide supporting services for local vehicle companies.

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