Wuhan YouFin Auto Parts Co signs an agreement to establish an auto parts R&D and production base in WEDZ. [Photo/WeChat account: whkfq]
Wuhan YouFin Auto Parts Co, a subsidiary of the West Shanghai Group, signed an agreement on Aug 5 to establish a new R&D and production base for auto parts in Wuhan Economic & Technological Development Zone (WEDZ).
This initiative represents another significant investment by West Shanghai in the zone, aimed at boosting the area's capabilities in intelligent chassis execution components.
The 156 million yuan ($23 million) project will focus on developing electronic parking hydraulic disc brakes (EPB) and other brake-by-wire products, featuring the introduction of advanced automated processing equipment, a state-of-the-art R&D testing center, and related facilities.
Operations are expected to commence in 2027, with full production capacity expected by 2030, enhancing the company's overall R&D capabilities, intelligent manufacturing standards, and supply chain efficiency.
West Shanghai is a listed company specializing in comprehensive automotive logistics services and the research, development, and manufacturing of auto parts. YouFin Auto, registered in WEDZ in 1998, was acquired by West Shanghai in 2024 and specializes in pneumatic and hydraulic disc brakes and holds a top-three market share in China's commercial vehicle sector.
