Beijing (ZXZC)- On August 22nd, Chery Holding’s subsidiary, Wuhu Chery Technology Co., Ltd. (Chery Technology), inked a cooperation agreement to build a joint venture for automotive intelligent electronics in Wuhu, Anhui Province. 

Photo credit: Chery Holding

Per the agreement, Chery Technology and Anhui Shengna Technology will set up a joint venture with an initial investment of 1 billion yuan ($146.23 million) in constructing an intelligent electronics industrial base in Wanzhi District, Wuhu. The facility is expected to start production by the end of June 2023.

The base will house a digitalized intelligent factory, automatic and efficient finished product warehouse, modern simulation and testing center, etc. It will be used for the R&D, manufacturing, and sales of automotive electrical system, automotive connecting system, aviation electronic wiring harness, and other products. 

Moreover, a digital model factory is expected to emerge on the base in five years, completing the iteration from an auto parts manufacturer to a comprehensive system integration service supplier. Once the base is running in full capacity, it is expected to achieve a total production capacity of 2.1 million sets of auto parts per year, with an output value of 10 billion yuan ($1.46 billion) per year.