CIMC invested 2 billion yuan

The signing ceremony of CIMC Intelligent Logistics Equipment Project was held yesterday (December 26) in the Xinhui District Government. Liu Yi, deputy secretary of the municipal party committee and mayor, attended the signing ceremony. The Xinhui District Government signed a contract with CIMC Vehicles (Group) Co., Ltd.  

Jiangmen CIMC Intelligent Logistics Equipment Project (hereinafter referred to as “Project”) is invested and constructed by CIMC Vehicles (Group) Co., Ltd. (hereinafter referred to as “CIMC Vehicle”). CIMC Vehicles is affiliated to CIMC Group and has now developed into the largest dedicated vehicle enterprise group in the world. The project is located in the Transportation Equipment Industrial Park of Xinhui District, with a planned land area of 591 Mu and a total investment of 2 billion yuan. The main research and development of intelligent logistics equipment such as car, refrigerated truck, dump truck and unmanned wharf are expected to be completed. After reaching the production capacity, the company will realize an annual production capacity of 50,000 units, an annual business income of 5 billion yuan and an annual tax of 200 million yuan. 

Liu Yi thanked CIMC for its contribution to the economic development of Jiangmen. He pointed out that Jiangmen City is currently vigorously developing five emerging industries of high-end equipment manufacturing, new generation information technology, new energy vehicles and parts, big health and new materials. CIMC vehicles are star enterprises that have grown and expanded in Jiangmen City. They have great potential in the development of new energy vehicles and parts industries. Jiangmen will fully support CIMC to build the city into the largest R&D and the production base for special vehicles in South China.

Jiang Qiwen, President of Shenzhen Special Vehicles Co., Ltd. of CIMC Vehicles (Group) Co., Ltd., thanked Jiangmen City for its strong support to China Development Long-term Development. He hoped that Jiangmen City will continue to support the project as always, and CIMC will speed up the project and put into operation, and help the high-quality development of Jiangmen City.

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