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Wuhan Dongxihu District relies on “Dongfeng Automobile†to build a core logistics center. As of the end of August this year, 25 auto and component production projects have been introduced in the region, with a total investment of 5.3 billion yuan. Japan, Germany, the United States, France, South Korea and other countries in the auto parts industry "giant" have invested in building factories here.
The reason why the foreign auto giant "big head" invests in the East-West Lake area is to look at the strong momentum of the development of logistics here; second is to look at the huge demand space for the auto parts industry here. According to statistics, the total demand for auto parts for seven OEMs in Wuhan last year reached 13 billion yuan.
In 2003, the headquarters of Dongfeng Motor Co., Ltd. settled in Wuhan. Riding on this “Dongfengâ€, Dongxihu District began to vigorously develop the auto parts industry. First, Dongfeng cooperated with Honda of Japan to produce the HONDA vehicle model, followed by the establishment of Weifu Technology Industrial (Wuhan) Co., Ltd. Weifu Technology is a supplier of parts and components for Dongfeng Honda Motors, with an annual output of 240,000 sets of auto parts. Following Wei Fu, Japanese auto parts companies such as Mori 6 and Kikuchi have settled in East and West Lake, and their supporting objects are Dongfeng Honda. For these three projects alone, the total investment amounts to 70 million U.S. dollars, and the total output value is expected to exceed 1 billion U.S. dollars.
"It can attract supporting enterprises, geographical advantage is the foundation, and modern logistics is the key," said Wu Puliu, secretary of the Dongxihu District Party Committee. The unique geographical location and transportation advantages make modern logistics become the characteristic industry of the Dongxihu District: There are more than 300 logistics companies in the area, and the annual logistics processing capacity reaches 5 million tons. According to statistics, 80% of the agricultural resources, 70% of the beverages, and 60% of the automobile or motorcycle accessories in Hubei Province are allocated and distributed in Dongxihu.