Automotive Society Will Meet Opportunities in Wuhan Automotive Industry

Wuhan is striding toward a car-oriented society. This is not only a challenge but also a great opportunity for Wuhan. As a "car city," how will Wuhan seize the opportunity to develop the urban economy? It has been learned that the National Automobile Production Highland Reporter has learned from the Provincial Machinery and Automobile Industry Office that there are currently 10 vehicle manufacturers and more than 700 auto parts companies in Hubei Province, and the annual sales volume has exceeded 300,000. These data are the Hubei automobile industry. High-speed development of vivid portrayal. At present, there are four vehicle manufacturers in Wuhan, including Shenlong, Dongfeng Honda, Zhongyu Automobile and Hanyang Special Automobile Manufacturing Plant. This has prompted the development of the “strong magnetic field” effect in the automotive industry in Wuhan Development Zone—the US Lear and Visteon. A group of world-class auto parts companies, such as Riken of Japan, Valeo of France and Faurecia, have “combined” development zones one after another. According to statistics, as of the end of last year, there were 200 auto parts enterprises in Wuhan, and the total industrial output value reached 5.65 billion yuan, an increase of 70% over the previous year. Parts and components products have nearly 100 kinds of products such as car seats, bumpers, plastic parts for vehicles, and car lights. Experts believe that as the central city of Hubei, Wuhan has gradually become the country's automobile production height. According to reports, only Dongfeng Nissan will produce 550,000 vehicles in 2006, including 330,000 commercial vehicles and 220,000 passenger vehicles. "1 to 5" to accelerate the development of automotive society Wuhan's rapid development of the automotive industry has brought enormous changes to the city's economy and life. According to Tao Hongbing, a senior expert from the provincial automobile industry office, the large-scale automobile manufacturers gather in Han and the "flocking" of parts and components companies has greatly increased the localization rate of vehicle production and reduced the manufacturing cost. Cars are more competitive and attractive in price. At present, the localization rate of Shenlong Fukang vehicles has reached 85%, of which half of the parts are manufactured in Wuhan. The price of cars is rapidly approaching the general public. In addition, the ratio of the upstream industry to the downstream industry is directly driven by 1 to 2, while the ratio of indirect pull is up to 1 to 5. Jiangcheng alone has more than 370 complete vehicle and spare parts dealers and 21 large-scale automobile and accessories markets.