Yantai to Build National Torch Plan Auto Parts Base

In November 2007, experts from the Torch High-Tech Industry Development Center of the Ministry of Science and Technology organized experts, together with leaders of relevant provincial and municipal authorities, took a field trip inspection and acceptance in Fushan District. According to the "National Torch Program Characteristic Industrial Base Certification Conditions and Measures" (Trial), the experts on-site review, agreed to establish.

The expert group's investigation and verification found that Yantai City has given full play to the guidance and driving role of the Torch Program for the development of high-tech industries. The base has already established a solid foundation for the development of the auto parts industry, forming a complete function, a wide range of products, and a complete service. The collection, research, and sales of auto parts distribution and production bases.

Statistics show that at present, there are 305 parts and components companies in Yantai, Shandong Province, is the main distribution center for auto parts products, employing more than 100,000 people, annual sales income of 24.5 billion (of which export value of about 900 million US dollars), accounting for The city's industrial 5%. In 2006, the base achieved a sales income of 6.5 billion yuan and a total export value of 350 million US dollars. It has initially assumed the characteristics of the auto parts industry cluster.

After review, four companies, Yantai Zhenghai Xingyuan Auto Interior Decoration Co., Ltd., Shandong SAIC Transmission Co., Ltd., Yantai Fuer Precision Machinery Co., Ltd., and Yantai Taili Automobile Mold Manufacturing Co., Ltd., have now entered the industrial base. Conditions, agreed to be identified as the backbone of the first batch of enterprises.