Youth Automotive builds a production base for heavy-duty commercial vehicles and parts in Shizuishan, Ningxia

On November 22, 2010, the groundbreaking ceremony for the foundation survey project of the Youth Car Group Ningxia Shizuishan Construction Project was held in the Xinghai Town Economic Zone, marking the official opening of the youth automobile Shizuishan automobile manufacturing industry construction project.

Since the project was formally signed on September 16, 2010, more than 60 senior executives and experts of the Youth Automotive Group have completed the preliminary work such as site selection, company registration, planning and design, approval, and financing within 3 months. Youth Automotive Group will invest and build an annual output of 210,000 heavy trucks, 510,000 large-scale automobile engines, 60,000 automobile hybrid energy transmissions, 200,000 tons of automotive iron castings, aluminum castings, aluminum-magnesium alloy castings and automobiles in Shizuishan City. Parts and components, automotive glass, and solar glass projects have a total planned investment of 26.709 billion yuan. In the first phase, 5 projects and 13 subprojects were invested and constructed, with a planned investment of 8.083 billion yuan. The project plans to build a heavy-duty truck vehicle and parts base in Dawukou District, build automotive iron castings, aluminum-magnesium alloy castings, automotive glass and solar glass bases in Huinong District, and build automobile engines and hybrid energy in Pingluo County. Box, automotive aluminum casting base.

On November 21st and 22nd, 21010, the foundation project of the automobile manufacturing industry construction project invested by the Youth Automotive Group in Heping District and Luo County was started respectively.

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The Youth Automotive Group consists of the Commercial Vehicles Group, the Passenger Vehicles Group and the Auto Group. It is a comprehensive automotive industry group that produces and sells NEOPLAN passenger cars, MAN heavy trucks, Lotus cars and auto parts. Chairman of the Board of Directors and President of the Group Pang Young is a senior economist, a national innovation expert, a master of Chinese business management, a top 50 of China’s economic figures of the year 2006, a top ten Zhejiang Province businessman of 2006, and a twelfth party representative of Zhejiang Province. At present, the group has about 4,000 employees, including more than 600 R&D personnel and more than 10 foreign experts. The Group is headquartered in Jinhua and has production bases in Jinan, Tai'an, Lianyungang, Zhangzhou and other places.