Construction on the ZF Automotive Systems project begins in the Wuhan Economic & Technological Development Zone on Sept 20. [Photo provided to en.whkfq.gov.cn]
Construction on 31 major projects with a combined investment of 13.9 billion yuan ($1.97 billion) commenced in the Wuhan Economic & Technological Development Zone (WEDZ) on Sept 20.
Seventeen of the projects are strategic emerging projects with a total investment of 4.3 billion yuan, six are modern service projects with a total investment of 2.1 billion yuan, and two are infrastructure projects with a total investment of 5.4 billion yuan. The remaining six projects focus on various other sectors and have a total investment of 2.1 billion yuan.
The projects emphasize important tasks such as strengthening industrial chains, upgrading large-scale equipment, and enhancing urban functionality and quality. The high investment and advanced technological content underscore their significance for the industrial transformation, urban integration, and high-quality development of the WEDZ, noted a local official.
A standout among the projects is the ZF Automotive Systems project, which will develop and produce automotive brake calipers, establishing a dedicated R&D and production base for active safety components.
ZF Group, a Fortune 500 company and one of the top three automotive parts suppliers in the world, is expanding its presence in Wuhan. Since its initial investment in WEDZ in 2011, ZF's Wuhan plant has grown to include research, production, and sales of passenger car chassis systems, braking systems, and occupant safety systems.
WEDZ is determined to sustain its momentum in project development and innovation. The zone is committed to using its strengths in science, education, and talent to foster new quality productive forces.
