In recent days, Xinyuan (Jiaxing) Automotive Electric Co., Ltd., a company backed by a total investment of $10 million, officially broke ground in the Xiuzhou Industrial Zone. This marks the 52nd project to be launched in the area, highlighting the continued growth and development of the industrial park.
The project is seen as a significant milestone for the Xiuzhou Industrial Park in its ongoing efforts to establish itself as a key player in the automotive parts sector. The CEM mold project was brought in through the "enterprise-introduced enterprise" model, showcasing a successful collaboration between domestic and international partners.
The joint venture is led by Antong (Jiaxing) Automotive Electric Co., Ltd. and Taiwan Yuan Ming Co., Ltd., one of Taiwan’s leading manufacturers of automotive molds. With a registered capital of $5 million, the partnership will focus on research and development, design, and the production of high-precision plastic molds.
This strategic collaboration not only strengthens the local supply chain but also brings advanced manufacturing expertise to the region. The project is expected to begin full-scale operations in the second half of next year, creating new job opportunities and boosting the local economy.
With this new investment, the Xiuzhou Industrial Zone continues to attract high-quality projects, reinforcing its reputation as a hub for innovation and industrial advancement in the automotive industry.
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