On the morning of April 8th, 2018, representative employees of the company participated in the opening ceremony of the key projects in the first quarter of 2018 held in the Zhuji Development Zone.
As one of the 16 key engineering items, the annual output of 13,000 tons of auto parts and hardware fittings production line project will be invested by Zhejiang Xingjie Auto Parts Co., Ltd.
It is located in the Liberation Lake area of the High-tech Zone, plans to add more than 35,000 square meters of building ground. It adopts advanced technology and purchases domestic equipment such as CNC machine tools and machining centers.
In the future, it will specialize in R&D, manufacturing and sales of new energy automotive components such as automotive hub unit assemblies, hub motors, and ABS ring gears.
While completion, it is estimated that sales revenue will be CNY680 million and profits and taxes will be CNY123 million.