Shanghai (ZXZC)- On September 11 local time, the opening ceremony of the Baolong Automotive ("Baolong")'s Europe R&D and Manufacturing Center took place at the Szigetszentmiklós Industrial Park in Hungary.

Baolong's Chairman and President, Zhang Zuqiu, expressed that the launch of the Europe R&D and Manufacturing Center is a crucial step in the company's global strategy. It serves to meet the supply chain security demands of overseas OEM customers while offering localized supply and services to its European clients. Furthermore, the center will leverage Europe's high-quality resources, fostering synergy with domestic operations to advance product development and production.

Photo credit: Baolong

According to Balong, the first-phase project of the Europe center encompasses 7,500 square meters of production space, 2,100 square meters of offices, and 2,160 square meters of warehousing, involving an investment of approximately 15 million euros. The new facility will primarily provide automotive sensors, customized cable solutions, and intelligent busbar solutions for hybrid and electric vehicles manufactured in Europe. The automotive sensors produced here will also be exported to the North American market.

Photo credit: Baolong

The company added subsequent phases will see the establishment of additional production facilities as the project develops.

In recent years, with China's new energy vehicle market growing rapidly and global automakers heightening their requirements for supply chain security, Chinese automotive component companies venturing abroad has become a popular trend. Amid this trend, Baolong has been actively implementing its global strategic layout, with five factories, five R&D centers, and eight sales branches established overseas to date. The inauguration and operation of the European R&D and Manufacturing Center will further enhance the company's global capabilities in R&D, production, and delivery, bolstering its competitiveness in the global automotive market.

Founded in 1997 and listed on Shanghai Stock Exchange, Baolong features a wide array of product lineup including rubber & metal parts such as tire valves, wheel weights, ECAS, metal tubing such as exhaust pipes, structural parts and EGR pipes, and automotive electronics featured by TPMS, sensors, and drive assistance systems based on cameras and millimeter-wave radars.