On Dec 15, a signing ceremony for the new project of NEV (new energy vehicle) parts production was held by Nanhai Government and AISIN Foshan Body Parts Co., Ltd, marking the third production project of AISIN to invest in Nanhai.
Covering an area of 9,800 square meters, the 300-million project mainly produces NEV parts like panoramic sunroof, power sliding door and the first domestic brushless motor with a predicted annual sales and tax grow of 40% and 25% respectively after operation.
Why this Global 500 enterprise invests in Nanhai for three times
AISIN Group is one of the world's TOP 500 enterprises and world's Top 10 Auto Parts Suppliers. In 2004, AISIN invested project of vehicle parts in Nanhai for the first time. After 17 years of continuous development, AISIN Group has exceeded 250 billion yuan in sales last year. Then in 2011, electronic project was brought up to production with core business like brake electronic systems and sensors, supporting services for Japanese OEMs and new Chinese automakers.
A sound business environment and high-efficiency of the government are indispensable for AISIN's investment. With the greatest sincerity and best efforts, Nanhai will provide the best quality services for project construction and strive to create the most superior environment for enterprises, said Xiufang, deputy Head of Nanhai District.
Gather nearly 130 Japan-fund enterprises to build a highland of Greater Bay Area
As a heartland of the Greater Bay Area, Nanhai District has favorable location and solid automobile industry foundation. It has gathered nearly 130 Japan-fund enterprises, accounting over 50% of Japan-fund enterprises in Foshan. With a total investment of 300 million dollars, Nanhai also becomes the most attractive Japan-fund agglomeration area in South China.
Under the uncertain environment, investments can inject momentum for regional development. Despite the pandemic, Nanhai has signed a total investment of 100 billion yuan in the first 11 months, which was the first time of Nanhai to achieve annual investment of more than 100 billion yuan.
In the future, Nanhai will step up to attract investments home and abroad through fostering world-class business environment and providing superb service.
Author | Linn
Revisor | Eleanor, Eddie
Source | Pearl River Times