Dongfeng Xiaokang invests 700 million yuan to build 300,000 sets of automobile engine projects
Yesterday, Zhou Zhen, secretary of the municipal party committee, arrived at the meeting and called on Zhang Xinghai, general manager of Dongfeng Xiaokang Automobile Co., Ltd. to reach consensus on further deepening cooperation and accelerating development, and signed an investment cooperation agreement. Dongfeng Xiaokang will invest 700 million yuan in Shiyan to build 300,000 automobile engine projects.
Dongfeng Xiaokang Automobile Co., Ltd. is a joint venture company established by Dongfeng Automobile Co., Ltd. and Chongqing Xiaokang Automobile Holdings Co., Ltd., each invested 50%. It mainly produces mini vehicles and minivans. At present, the company has four automakers in two production bases in Shiyan and Chongqing. Since the establishment of the company, it has accumulatively produced and sold more than 1.3 million micro-cars, among which 300,000 micro-cars were produced and sold in 2012, achieving a production value of 6.8 billion yuan and ranking among the top three in the domestic micro-vehicle industry.
Early in the morning yesterday, Zhou Hao and his entourage visited the Shuangfu Factory of Dongfeng Xiaokang Automobile Co., Ltd. in Shuangfu Industrial Park, Jiangjin District, Chongqing City. They visited the stamping, welding and assembly workshops, and examined the Dongfeng Xiaokang K Series, V Series, and C Series. Newly-developed models have been successfully developed to learn more about the company's production and sales. Zhou Wei fully affirmed Dongfeng Xiaokang's continuous research and development of new products, guided the market's new trend of consumption, and continuously explored new growth points.
At the forum, Zhou Yu introduced the economic and social development of Shiyan, and thanked Dongfeng Xiaokang Automobile Co., Ltd. for its contributions to the economic and social development of Shiyan. He said that currently Shiyan is making efforts to build a central city in the area bordering Hubei, Henan, Shaanxi and Hebei, and the Shiyan Economic and Technological Development Zone has been successfully promoted to a national development zone. He hopes that Dongfeng Xiaokang will lay out more projects in Shiyan and Shiyan will provide the most advantageous resources. Best-preferred policies to support the development of enterprises.
Zhang Xinghai said that Dongfeng Xiaokang will make full use of market control measures, seize market opportunities, actively seek new cooperation space, accelerate the construction of projects in Shiyan, and strive to become the leader of China's mini-cars and global economic models.
Subsequently, the two sides signed an investment cooperation agreement. The project is scheduled to start construction in March 2013. It will be completed and put into operation in May 2014, and will have an annual output of 300,000 sets of engines with an output value of 3 billion yuan and a profit and tax of 200 million yuan.
Deputy Mayor Liu Xuehua and chief leaders of Shiyan Economic and Technological Development Zone participated in the inspection activities.
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