**Great Wall Invests 2 Billion Yuan to Build an Engine Plant**
On January 18, 2007, a representative from Great Wall Motor Company announced that the company would invest 2 billion yuan to establish an engine plant with an annual production capacity of 400,000 units. The facility is expected to begin operations in the first half of 2008. This investment marks a significant step in Great Wall's strategy to expand its manufacturing capabilities and strengthen its global presence.
The new engine plant is expected to boost Great Wall’s export efforts. Wang Fengying, the general manager of Great Wall Motor, emphasized that the company aims to enter the European market through key countries like Greece, Spain, and Portugal, with aspirations to eventually break into the U.S. market. Currently, Great Wall operates three vehicle production bases for pickup trucks, SUVs, and CUVs, as well as an engine plant with an annual output of 200,000 units. By 2010, the company plans to complete a 100,000-unit passenger car production base and a spare parts facility, increasing its total production capacity to 500,000 vehicles annually and forming a large automotive industry cluster.
In the coming years, Great Wall Motor plans to invest 10 billion yuan in infrastructure and new product development across both vehicle and component bases. The company has maintained its top position in the domestic pickup truck market for nine consecutive years and has been the leading seller of SUVs for four years. Since 2005, Great Wall has steadily expanded its ambitions, aiming to develop and produce core components such as engines and transmissions, ensuring comprehensive support for its broader automotive projects.
**Foxconn Invests in Auto Parts Manufacturing**
Known for its expertise in 3C (computer, communications, and consumer electronics) products, Foxconn has now set its sights on the automotive industry. On February 12, 2007, Ding Qi'an, a spokesperson for Hon Hai Precision Industry Co., Ltd. from Taiwan, revealed that Foxconn Holdings Co., Ltd., a Hong Kong-listed subsidiary, would build two industrial parks in Liaoning. This marked Foxconn’s first major investment in the northeastern region of China.
The Shenyang factory will focus on precision CNC machine tools and nano-copper-magnesium alloy automotive components, while the Yingkou site will specialize in electronic products like printed circuit boards. Although Foxconn primarily operates in electronics, this move signals its entry into auto parts manufacturing. Though the exact investment amount was not disclosed, sources suggest that Hon Hai plans to invest $1 billion in Liaoning. Despite this, Foxconn’s CEO, Terry Gou, clarified that the company would not enter vehicle manufacturing itself.
Analysts believe that Foxconn’s move is driven by the vast potential of the Chinese automotive market. With the Northeast being a key auto production hub, Foxconn aims to leverage mainland cost advantages to join the supply chain of global automotive giants. Its focus on cost efficiency, quality, and service could disrupt the local parts market, forcing manufacturers to re-evaluate their strategies. Automakers may benefit from accessing affordable, high-quality components from this new player.
**Jianghuai Automobile Company: Collaboration with American Lear Group**
On March 21, 2007, Anhui Jianghuai Automobile Group Co., Ltd. signed a cooperation agreement with the American Lear Group Corporation in Hefei. The partnership involves establishing a joint venture focused on automotive electronics and components. Lear, one of the world’s top five automotive suppliers, pledged full support for the venture.
This collaboration is aimed at providing high-quality components for JAC vehicles, supporting the company’s strategy to expand into the mid-to-high-end car market. JAC plans to leverage its strengths to create a unique brand identity and compete more effectively in the domestic market. The joint venture will help enhance the overall quality and competitiveness of JAC’s products.
Lear Group’s strong technical and manufacturing capabilities make it an ideal partner for Jianghuai. By collaborating with global leaders, JAC aims to elevate its supply chain to world-class standards, ensuring long-term growth and stability in the competitive automotive industry.
**Huatai Invests 11.8 Billion Yuan to Build Diesel Engine Production Base**
In 2007, Huatai Automobile Group announced the construction of the largest diesel engine production base in China. The project includes the development of a complete vehicle production line, signaling the company’s ambition to become a major player in the diesel engine market.
By 2008, Huatai plans to launch a 150,000-vehicle-per-year production line, and by 2012, it aims to produce 500,000 clean diesel engines annually. By 2020, the company expects to reach an annual output of 1 million engines, with 29 models across five series to be launched over time. The total investment is estimated at 11.8 billion yuan, with 3 billion allocated specifically for the engine production line.
The project will cover an area of 5.5 million square meters and is located in Ordos City, Inner Mongolia. This strategic location is part of a rapidly developing economic zone, making the project highly significant for regional economic growth and industrial restructuring. The successful completion of this project will solidify Huatai’s position as China’s leading diesel engine manufacturer and contribute to the country’s push toward cleaner, more efficient transportation solutions.
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