An agreement was signed on May 27 to establish the Jinyu PTC Heater Manufacturing Base in Wuhan Economic & Technological Development Zone (WEDZ).
This project will feature 12 production lines dedicated to key components of new energy vehicles, with operations scheduled to commence next year. It will integrate research and development, production, sales, and headquarters operations. The base aims to reach full capacity by 2029, with a planned annual production capacity of 1 million units.
Five other significant projects were also secured on the same day, encompassing fields such as new energy and intelligent connected vehicles and automotive core components.
WEDZ is pursuing investment as a strategic approach to stabilize growth, restructure industries, and drive transformation. A local official said, "We are committed to optimizing the business environment, enhancing industrial synergy, and fostering innovation to accelerate the landing rate, construction progress, and production efficiency of investment projects."
