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Geely auto projects launched at Hangzhou Bay
2018-03-14Text Size: A A A

The ground-breaking ceremony of the Geely auto projects was held at the Hangzhou Bay New Zone on the morning of March 12. The projects, including the second and third phases of the Geely Auto R&D Center, the electrical and high-end new energy whole vehicle manufacturing project and the enterprise university, attracted a total investment of 29.5 billion yuan.

As is reportedly, the newly launched projects cover such fields as new energy auto manufacturing, high-end technology research and development and auto talent cultivation, with such characteristics as large-scale investment, high technology content and strong prospects. Among others, the second and third phases of the Geely Auto R&D Center, with an investment of seven billion yuan, will build the globally advanced safe crash testing hall, the environmental wind-tunnel laboratory and the new energy power experimental center, and are projected to introduce about 5000 research and development talents.

Regarding the Hangzhou Bay New Zone as its global strategic base, Geely Auto has conducted a number of projects at the new zone. The new projects will make a difference in the whole vehicle production, the R&D and design, production, testing, purchase and sales of the dynamic assembly line, the talent cultivation and the core auto parts production, thus promoting the development of the large-scale auto industry at the new zone.

Currently, besides the production base, R&D center and talent cultivation base of Geely Auto, the No.1 auto brand in China, the new zone also boasts of the standard industrial 4.0 plant of the Volkswagen, the East China branch of China Auto Technology Research Center, the Hangzhou Bay Auto College (the only professional auto school in Zhejiang Province), and over 100 enterprises manufacturing key auto parts.

According to a person in charge from the administration committee of the new zone, in 2018, the output value of the auto industry at the new zone will exceed 100 billion yuan, and it is estimated that by 2020, the output value of the industry will reach 200 billion yuan, with an annual tax revenue of over 10 billion yuan.

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