SAIC Iveco Hongyan Annually Produces 300,000 Axle Projects to Complete Project Approval

SAIC Iveco Hongyan Commercial Vehicle Co., Ltd. has completed the project approval of an annual production of 300,000 axles projects (phase 1) to promote the development of the vehicle business.

The project is located at Block B06-3 and B06-4 of the standard zone of Huangmaoping Group, North New District of Chongqing. The total investment of the project is 600 million yuan. The project covers an area of ​​120,000 square meters and a building area of ​​50,000 square meters. It will build a factory building and an auxiliary house. After completion, it will have an annual production capacity of 300,000 axles, including 100,000 non-drive front axles, 100,000 single-stage subtraction axles, and 100,000 double-speed reduction axles. The project is expected to add more than 1,000 jobs, with an annual operating income of 2.9 billion yuan.

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