A few days ago, Wuxi Weifu Hi-Tech Group Co., Ltd. and Wuxi New District had formally signed a contract to establish “Weifu Industrial Park†with the strategic goal of “building a domestic leader in the core components of China’s automotive (power engineering)â€. It is reported that after the Weifu Industrial Park project is implemented, it is expected to form an industry scale of over 10 billion by the end of 2014.
Weifu Industrial Park will build four new energy vehicle control system R&D and application platforms and industrialization bases, automobile fuel system supporting R&D and industrialization bases, automotive exhaust gas after-treatment system product industrialization projects, and automobile intake system product scale projects. Major projects and the formation of a technology innovation and production, research and research platform integrating national technology centers, engineering centers, academician workstations, post-doctoral research stations, and world-class basic testing centers in the New District to promote Weifu's integration from parts suppliers to systems The change of suppliers.
During the “Eleventh Five-Year Plan†period, Weifu Group Corporation actively implemented industrial restructuring. Its business has expanded from a single fuel system product to an automotive air intake system, fuel system, and exhaust gas after-treatment system, forming a core automotive component industry chain. The company's economic efficiency has maintained a sustained growth. At present, the company’s fuel system products have maintained a leading position in China with an integrated market share of 50%. The tail gas after-treatment products have become the leading domestic industry, and the market share of independent brands reaches more than 60%; the air intake system products are owned in China. A certain market position.
The establishment of the Weifu Industrial Park and the implementation of the “Twelfth Five-Year Plan†investment project will further establish the Weifu Group’s dominant position in the industry and form an environmentally friendly energy-saving automotive component with fuel systems, intake systems and aftertreatment systems as the pillars. base.
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