Sino-German automotive parts production base settled in Changchun Development Zone
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With a total investment of 1.42 billion yuan, the Volkswagen FAW Platform Parts Co., Ltd. is located in Changchun High-tech Development Zone near Sunset Town. It is reported that the company was jointly invested by China First Automobile Group Corporation and German Volkswagen Automotive Co., Ltd. This project is a subproject of Germany's Volkswagen AG that has announced plans to achieve a total investment of 5.3 billion euros in China by 2008. It covers an area of ​​148,800 square meters, a phase 1 construction area of ​​36,000 square meters, FAW Group and Germany. Volkswagen holds 40% and 60% respectively, and it is expected that it will be put into production by the end of 2005. It plans to reach production in 2008, and the annual sales revenue will exceed 5 billion yuan. Its leading products are the front axle, sub-frame assembly and rear-seat assembly for cars, including suspension systems, steering systems, and brake systems for cars.