One billion auto parts new project settled!

A few days ago, Yongchuan District of Chongqing City signed an investment agreement with Jiangsu Xinhong Industrial Co., Ltd., which further expanded the auto parts industry in the whole district. It is understood that Jiangsu Xinhong Industrial Co., Ltd. plans to invest 1 billion yuan in Yongchuan. The project will be constructed in three phases. After the project is fully completed and put into production, it is estimated that the output value will be about 1.5 billion yuan, the tax revenue will be about 50 million yuan, and about 800 people will be employed.
A few days ago, Yongchuan District of Chongqing City signed an investment agreement with Jiangsu Xinhong Industrial Co., Ltd., which further expanded the auto parts industry in the whole district. It is understood that Jiangsu Xinhong Industrial Co., Ltd. plans to invest 1 billion yuan in Yongchuan. The project will be constructed in three phases. After the project is fully completed and put into production, it is estimated that the output value will be about 1.5 billion yuan, the tax revenue will be about 50 million yuan, and about 800 people will be employed.
The first phase will occupy about 100 acres of land with an investment of about 300 million yuan, of which: equipment investment is about 200 million yuan, and it is planned to invest in the construction of a production line for brake disc series products. The second phase covers about 50 acres of land, with an investment of about 300 million yuan, of which: equipment investment is about 150 million yuan, and it is planned to invest in the construction of a production line for brake pad series products. The third phase covers about 50 acres of land with an investment of about 400 million yuan, of which: equipment investment is about 200 million yuan, and it is planned to invest in the construction of a production line for brake pump series products.
Jiangsu Xinhong Industrial Co., Ltd. mainly produces automobile motor series, clutch series, cooling system, constant velocity universal joint drive shaft series, electronic injection system, etc. It has 13 domestic and foreign independent brands and more than 1,700 varieties of auto parts production and processing. Sales is the first domestic company with a complete set of oxygen sensor production technology. Its products are mainly sold to Russia, Kazakhstan, Uzbekistan and more than 70 countries and regions in Europe, America, Africa and Oceania.