Since the start of this year, Jiaozuo City in Henan Province has made significant investments in the automotive parts industry, allocating 2.4 billion yuan to launch a new wave of production projects. Leveraging well-known domestic companies such as Aeolus Co., Ltd., Zhongyuan Interior Fitting Co., Ltd., Zhongyuan Axle Co., Ltd., Jiaozuo Brake Group, and Henan Tianyang Aluminum Alloy Wheel Co., Ltd., the city has successfully launched multiple large-scale manufacturing initiatives.
These projects include the installation of 1.2 million sets of radial tires, 15 million sets of engineering tires, 20,000 high-grade bus axles, 10 million injection-type cylinder liners, 3 million aluminum alloy wheels, 35,000 tons of precision castings, 100,000 anti-lock braking systems (ABS), and a large number of blind-spot mirrors. The total investment for these projects has reached 2.4 billion yuan, signaling a strong push towards expanding the local auto parts sector.
Looking ahead, by 2007, Jiaozuo City is expected to produce 4.5 million tire units, 3 million aluminum alloy wheels, 20,000 sets of ABS braking systems, and 20,000 high-end passenger car axles. These developments are projected to generate 18.1 billion yuan in sales revenue and 4.3 billion yuan in profit and taxes for the auto parts industry.
This growth underscores Jiaozuo's strategic efforts to position itself as a key player in the national automotive supply chain. With continued investment and collaboration with leading manufacturers, the city is well on its way to becoming a major hub for auto parts production.
Source: Auto Parts Business Website
Editor: [Name]
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