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The well-known auto parts manufacturers at home and abroad, such as Johnson Controls, Bosch in Germany, and Asia Pacific in Zhejiang, will soon be collectively located in Beijing. Yesterday, Beijing Auto Industry Holding Co., Ltd. and Beijing State-owned Assets Management Co., Ltd. announced that they will jointly invest in the formation of Beijing Auto Parts Co., Ltd., and collect and build Beijing Auto Parts Industry Base in Yangzhen and Daxing, Shunyi. Currently, there are more than ten domestic companies. The well-known auto parts company intends to join.
The total share capital of Beijing Auto Parts Company is initially set at 1 billion yuan. Beiqi Holding and Shanghai State-owned Assets and Holding Co., Ltd. hold 60% and 40%, respectively. The company will introduce well-known parts and components companies at home and abroad to develop high value-added, high-tech content, low pollution, low energy consumption product projects, and build a complete Beijing auto parts industry system. Beijing Auto Parts Industry Base has set a high starting point. The head of Beiqi stated that for partners, the Global 500 will be introduced from abroad and only the top three companies in the industry will be considered in the country.
At present, BAIC has reached cooperation intentions with foreign companies such as Johnson, Lear, Visteon and domestic companies such as Zhejiang Asia Pacific, Shandong Xinghua, and Guilin Fuda. Yesterday, BAIC reached a cooperation with Xuchang Far East Driveshaft Co., Ltd. and Shanghai Delphi Co., Ltd. intention. Beiqi expects that the parts and components industry can realize sales revenue of 800 million to 1 billion yuan next year.