Shanghai, July 17, ZXZC - On July 14, signing ceremony of Autek completed vehicle R&D technology and aluminum lightweight of automobile manufacturing industrial park project was held, which marks the industrial park officially settled down in Fancheng.

It is reported that the project is jointly invested by Suzhou Autek Auto Technology Co., Ltd. and Hubei Kang Ji Run Electrical and Mechanical Technology Co., Ltd., with the total investment of 770 million yuan. They plans to use about 113,333 square meters(about 46,667 square meters for the first phase) to construct the industrial park for completed vehicle R&D technology and aluminum lightweight of automobile. After the completion of the project, the production scale can reach an annual output of 100,000 units of new energy vehicles and lightweight body as well as 1,000 new energy modified vehicles. At that time, the annual output value will reach more than 2 billion yuan.

Suzhou Autek Auto Technology Co., Ltd. has leading advantages in R & D Technology and Innovation, such as completed vehicle platform R&D, parts development, independent development of new energy vehicles, manufacturing and processing of all aluminum lightweight of automobiles. Hubei Kang Ji run Electrical and Mechanical Technology Co., Ltd. has excellent innovation and strong economic strength, especially in the R&D of engines, manufacturing of auto parts, and generators. It has created new energy model with advantages in performance, cost and quality.

The combination of the two companies to construct Autek completed vehicle R&D technology and aluminum lightweight of automobile manufacturing industrial park helps industrial restructuring,  economic restructuring and upgrading in Fancheng district. It will also help create a strong industrial area, promote the extension of the automobile industry chain in Xiangyang City, develop and expand equipment manufacturing and new energy industry.