Svoboda Automotive Electronics (Kunshan) Co., Ltd. established

Recently, the German company Svoboda Automotive Electronics Co., Ltd. invested in Kunshan, Jiangsu started construction. The project has a total investment of 20.64 million US dollars and registered foreign capital of 8.256 million US dollars. It is mainly engaged in the manufacture and R&D of automotive electronic devices.

It is reported that Svoboda Automotive Electronics (Kunshan) Co., Ltd. is principally engaged in the manufacture and R&D of automotive electronic devices, including the research and development of related products such as engine and automotive wire harnesses , electrical switches, and key components, and sales of self-produced products. The first phase of the project is scheduled to be put into production in 2012. It is expected that the turnover in 2014 will be 130 million yuan, and in 2016 it will reach 211 million yuan.