GAC Zhongqi Zhongxing and Yichang build automotive industry cluster

On the morning of December 18, Guangzhou Automobile Group Co., Ltd., China Auto Parts Industry Corporation, Hebei Zhongxing Automobile Manufacturing Co., Ltd. and Yichang Municipal Government signed a memorandum of strategic cooperation in Yichang. Huang Chuping, Member of the Standing Committee of the Provincial Party Committee and Secretary of the Municipal Party Committee, Li Lecheng, Deputy Mayor of the Municipal Party Committee, Zeng Qinghong, General Manager of GAC Group, Chen Kangren, President of China Auto Parts Industry Corporation, and Xiao Wei, Chairman of Zhongxing Automobile attended the signing ceremony.

GAC Group is a domestic first-class automotive industry group. China Auto Parts Industry Corporation is a well-known auto parts integration service provider and parts leading enterprise in China. Zhongxing Automobile is a well-known private automobile company in China. According to the memorandum of cooperation, Guangzhou Automobile Group, China Automotive Parts Industry Corporation and Zhongxing Automobile will cooperate in vehicle development, parts and components research and development, energy conservation and new energy vehicles, international business, logistics and transportation. China Auto Parts Industry Co., Ltd. will invest in the construction of a Chinese auto parts (Yichang) industrial base, which will form three major segments: auto parts testing and R&D and production, new energy auto R&D, automotive and parts and components markets. Yuan's auto parts industry cluster. At the same time, China Automotive and Components (Yichang) Industrial Investment Fund was established to build a high-end automotive and parts industrial base, and to acquire automobiles and parts companies that possess core technologies, channels, and brands.

Li Lecheng indicated at the signing ceremony that this cooperation is an important measure for Guangzhou Automobile Group, China National Automobile Parts Industry Corporation, Zhongxing Automobile to optimize the industrial layout, expand the central market, realize leapfrog development, and it is also significant for Yichang to develop the automobile industry and strengthen the industrial economy. The project is conducive to promoting employment and expanding tax sources. It will surely write a new chapter of sincere cooperation and mutual benefit. According to the concept of “giving trouble to the government and leaving convenience to the enterprise”, Yichang will actively provide individualized and high-quality services for the project, special handling and close cooperation, and fully support the project to be put into production on schedule.

Before this, Huang Chuping met with Zeng Qinghong, Chen Kangren, and Xiao Wei. Huang Chuping said that the automobile industry is a pillar and excellent industry in Hubei, and Hubei is an important automobile production base in the country. Yichang is building a modern and mega-city, and it is necessary to become a city with a bigger city and stronger city function. It needs leading companies such as Guangzhou Automobile Group, China Steam Parts Industry Company and Zhongxing Auto. Yichang will nurture the automobile industry as a strategic emerging industry. It is hoped that the government and enterprises will work together to build a 10 billion-level, 100-billion-level automotive industry and make the car dreams of several generations become a reality. Huang Chuping said that Hubei and Yichang will fully support the development of the automotive industry. Yichang will strive to build a nationwide first-class development environment, firmly establish the concept of "the industry first, the entrepreneur's boss," and provide nanny-style services for the development of the company.

Zeng Qinghong said that Yichang is located in the central region and is very important to the layout of the GAC Group. In accordance with the principles of sincerity, equality, pragmatism, and openness, and mutual benefit, Yichang will work together to promote strategic cooperation and gradually increase the level and level of cooperation for the Chinese automotive industry. To make new contributions to the economic development of Hubei and Guangdong.