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HAWTAI New Project in Yanbian for New-energy Vehicles

Data:2016-12-21 16:25:00 Views:

Days ago, HAWTAI Group kicked off its Project of Relocation & Renovation for New-energy Vehicle Facilities in Yanbian. The Group signed agreement with Yanji Municipal People’s Government about investing in this project in Yanji. In the future, HAWTAI Group will reach in-depth partnership with Yanji Municipal Government to expand its efforts in the industry of new-energy vehicles while contributing more efforts to stimulate economic growth in Yanji and promote rapid rise of local economy and industries. 

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Leaders of HAWTAI Group and Yanji Municipal People’s Government in the signing ceremony

For years, HAWTAI Group has always focused on investing in Yanbian region. Relying on the location, the original industrial foundation, market space and investment environment, HAWTAI Group has improved its coach system in Yanji. In 2009, HAWTAI built Automobile Industrial Park in Yanji Economic Development Zone. In recent years, as economy in Yanji expanded rapidly, the city keeps improving its investment environment. New opportunities of investments and cooperation emerge when HAWTAI Group grows stronger and takes an evident leading position in the field of new-energy vehicles.

To explore the new development space and build better industrial base that combines R&D, production and sales, to manufacture products with core technologies and super-high cost-effectiveness, and to bring new job opportunities and economic growth points for Yanbian region, HAWTAI Group and Yanji Municipal People’s Government, after making careful consideration and discussion, have decided to get into partnership again and plan a new automobile industrial park on the original plot in Economic Development Zone. The new project covers 500,000 square meters and expects to receive total investment of one billion RMB Yuan. When put into operation, capacity will be enlarged. Besides, HAWTAI Group will continue to build supporting facilities to develop a much more modern production base that meets more industrial needs. 

HAWTAI Group is a large private group engaging in diverse operations including automobiles, finance and related business. As a core subsidiary of HAWTAI Group established more than one decade ago, HAWTAI Motor has now grown into a large private automobile manufacturer, actually the sole one in China that owns two IPRs, namely, clean diesel engine and AT gearbox. With whole-series models, HAWTAI Group has two R&D centers in China and Germany and seven production bases in the world, such as those in Ordos, Tianjin and Rongcheng. In recent years, HAWTAI Group has increased R&D input in new-energy vehicles, taking the leading position in the world in the number of IPRs and core technologies. 

Yanji City, featured by pro-business policies and environment, has attracted many investors like HAWTAI Group because of its own advantages and development strategy. Even more, with the awareness of attracting and serving investors in a sincere way and the vision of keeping abreast with times, Yanji City continues to seek win-win situation together with investors. The in-depth partnership between Yanji City and HAWTAI Group is based on the fact that Yanji Municipal People’s Government fully realizes the sound momentum and leading advantage of HAWTAI Group, in particular HAWTAI’s efforts in new-energy vehicle industry, hoping to build better pro-business environment and create more harmonious and better win-win situation. 

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HAWTAI Group and Yanji Municipal People’s Governemnt reach in-depth partnership in the project of relocation and renovation

As the partnership goes deeper, HAWTAI Group will start with Yanbian and reach the three provinces in Northeast China. The new industrial base in Yanji City will help HAWTAI Motor get into the local market in Northeast China.