On August 5, the Wuhan Economic Development Zone signed a contract with Wuhan Yuanfeng Auto Parts Co., Ltd., a holding subsidiary of West Shanghai. West Shanghai will build the Wuhan Yuanfeng Auto Parts R&D and production base. The total investment of the project is about 156 million yuan. It will focus on laying out line control products such as electronic parking hydraulic disc brakes, and adding automated process equipment, R&D and testing centers and related supporting facilities. The project is expected to be put into operation in 2027 and completed in 2030.

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