On the morning of February 24th at 9 o'clock, Guo Wanyi, Secretary of the Party Working Committee and Director of the Management Committee, announced that key projects in Cangzhou Economic Development Zone for 2017 would start construction in a concentrated manner. Thirteen projects, including Hainachuan Cangzhou Automotive Parts Co., Ltd. Cangzhou Automotive Parts Industrial Park, Cangzhou Qingnan Electronic Technology Co., Ltd. Semiconductor Modules and Automotive Injection Parts, and Cangzhou Zhulongshan Automotive Parts Co., Ltd. Automotive Parts, participated in this event.

Hainachuan Cangzhou Automotive Parts Industrial Park, invested and constructed by BAIC Group Parts Platform, is a high-end, modular industrial base that provides core component support for Beijing Hyundai Cangzhou Factory. It mainly provides core automotive components such as automotive heat exchange systems, vehicle wiring harnesses, interior systems, exhaust systems, sunroof systems, and fuel tank systems for Beijing Hyundai Cangzhou Factory. The project covers an area of 369 acres, with a total investment of 1.02 billion yuan, and will construct a high standard customized factory building of 122000 square meters. Expected annual sales revenue of 2.6 billion yuan and tax payment of 128 million yuan after production. This project belongs to a technology intensive industry, which meets the strategic development requirements of innovation, high-end, service-oriented, agglomeration, integration, and low-carbon in the new era. It will play an important role in enhancing the automotive parts industry in our region, promoting the economic development of Cangzhou and surrounding areas, and improving the skill level of industrial workers.