To ensure an additional investment of 1 billion yuan in Changchun within five years

On the afternoon of February 7, Changchun Mayor Cui Jie visited Zhejiang Wanxiang Group in Hangzhou. Lu Guanqiu, chairman of Wanxiang Group, stated that the auto industry must turn around Changchun, and Wanxiang’s subsidiaries in Changchun are confident that the annual sales will be increased from the current 600 million yuan to 2 billion yuan as soon as possible. An additional investment of 1 billion yuan was made in Changchun. At this point, the four-day Changchun Merchants Delegation south of Shanghai, Ningbo, and Hangzhou "auto parts special investment" activities successfully concluded. Changchun’s total investment in contracts and intentions reached 10.96 billion yuan.

The Spring Lunar New Year means the recovery of all things. The Changchun Investment Delegation happens to be on the way to the south and has made a good start in Shanghai at the first stop: as the most technologically advanced, largest, most versatile and highest market share leader in the domestic industry. The company, Shanghai Natiek Driveshaft Co., Ltd. has signed a contract with Changchun Automobile Industry Development Zone, and invested 500 million yuan to build 1 million driveshaft production bases in Changchun. This will be the largest driveshaft production company in China with the exception of the Shanghai headquarters.

Since then, Changchun’s investment promotion activities have been swift and successful. In Ningbo, the China Merchants Group held a symposium with nearly 100 entrepreneurs of 58 auto parts companies in the region. Ten projects were successfully contracted with a total investment of 5.11 billion yuan. In Hangzhou, Changchun City and local companies conducted 6 groups of 11 The project was signed on site, with a total investment of 4.1 billion yuan. Together with the results of the off-site negotiations, the city of Changchun has attracted investment from the south and collected a total of 10.96 billion yuan in transcripts.

Changchun’s current round of investment promotion is full and the timing is accurate. This year is a crucial year for Changchun to implement a 2 million-unit capacity expansion strategy for auto vehicles. The pace of energy expansion is in full swing, making it possible for domestic excellent auto parts companies to settle in Changchun; a clear positioning of Changchun Automobile Industrial Development Zone. And the superior environment and good service mechanism have also formed a strong attraction for entrepreneurs in the South. The investment is worth 10 billion yuan. There are more than 8 billion cars in the area. At this time, investment, low cost, and excellent policies, together with the Changchun City Preferential policies, many companies that remain in a wait-and-see state for the big environment, broke their doubts and took their funds to the north.

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