Foreign Investment Targets Wuhan Auto Parts Project


Wuhan City will add 8 foreign-funded auto parts projects this year, with a total investment of nearly 100 million U.S. dollars and contracted foreign investment of more than 69 million U.S. dollars. It is understood that these 8 auto parts projects involve automobile chassis, piston rings, stampings, automotive interiors, etc. Among them, foreign investors are mostly well-known multinational companies, such as ThyssenKrupp Group of Germany, Japan Institute of Science and Technology, American Visteon Corporation. According to relevant sources, MAGNA International, the seventh largest auto parts company in the world, has sent personnel to visit Wuhan and expressed its hope to invest in Wuhan and join Shenlong's parts supply chain. Experts believe that with the expansion of Shenlong Company, the establishment of Dongfeng Honda Automobile Co., Ltd., and the relocation of Dongfeng Company's headquarters to Wuhan, the Wuhan auto parts industry has attracted great attention from domestic and foreign companies, and has triggered an upsurge of auto industry visits and investments in Wuhan.

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