International auto parts leader "plus code" Zhangjiagang total investment 90 million US dollars

On the morning of December 13, the second stage of the ZF Zhangjiagang production base of ZF, which was invested by Germany ZF Group, one of the world’s top 500 auto parts manufacturers, was officially contracted and settled in Zhangjiagang Economic and Technological Development Zone. After the completion of the second phase of the project, ZF's Zhangjiagang production base will become ZF's largest investment and largest production base in the Asia-Pacific region, and will become the most famous and influential auto parts production base in China.

ZF TRW Phase II Electronic Power Steering System project has a total investment of approximately 90 million U.S. dollars, an additional registered foreign investment of approximately 30 million U.S. dollars, and 100 million U.S. land for industrial development. The project is planned to start construction in May 2018, and it will be put into production in 2019. It is estimated that the annual sales will reach about 600 million U.S. dollars. Zhangjiagang City, the relevant person in charge said that the project officially landed, Zhangjiagang Economic and Technological Development Zone will speed up the formation of large-scale, distinctive high-tech industrial clusters and accelerate the auto parts industry gathered.

The first phase of ZF's Zhangjiagang production base project invested in the production line of automobile brake control systems and occupant safety systems. As of now, the total investment is US$150 million. It was officially put into production in November 2015. The sales revenue in 2016 was US$120 million. It is expected that sales will be realized in 2017. With over US$320 million in revenue, it is estimated that sales revenue will reach US$910 million by 2020.