Abstract The reporter learned from the Municipal Key Project Management Office yesterday that in the first half of the year, Xinwei Auto Parts Production Project completed an investment of 85.5 million yuan, which exceeded the annual target by 13.85%. This indicates strong progress and a positive outlook for the project's development. It is reported that the Xinwei auto parts production project is one of the key initiatives launched by the city last year, aimed at boosting the local automotive industry. With a total planned investment of 145.1 million yuan, the project is expected to be fully operational by the end of this year. Once completed, it will have an annual production capacity of 200,000 sets of trucks, micro-cars, and stamping parts. As of now, the construction has been largely completed, and the project is on track for its scheduled launch.
The reporter also learned from the municipal key project management office that the Fengde Auto Parts Production Project has made significant progress, with 76.5 million yuan invested in the first half of the year, reaching 109.29% of the annual target. Located in the industrial cluster area of Luxi New District, this project is another major initiative aimed at strengthening the region’s manufacturing capabilities. With a total investment plan of 120 million yuan, the project started construction in the second half of last year and is expected to be completed by the end of this year. Upon completion, it will produce 2,000 sets of molds annually. Currently, the project is in full construction mode, showing steady development and commitment to meeting its goals.
These two projects highlight the city’s growing focus on the automobile and auto parts sector, demonstrating a clear strategy to drive economic growth through industrial expansion. With both projects well underway and exceeding their investment targets, there is optimism about the future of the local automotive industry. Officials are confident that these developments will not only create jobs but also enhance the city’s position as a key player in the regional manufacturing landscape.
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