CNY 150 million ! Schaeffler increases its presence in China Wuhu
On February 27, Wuhu Municipal Party Committee Secretary Ningbo and Mayor Xu Zhi held a working meeting with Klaus Rosenfeld, CEO of the German Schaeffler Group, and witnessed the signing of the Wuhu Economic Development Zone Schaeffler Intelligent Drive Powertrain and Electric Drive Product Leap Project. Yin Tongyue, Party Secretary and Chairman of Chery Holding Group Co., Ltd., Christophe Hannequin, CFO of Schaeffler Group, Zhang Yilin, CEO of Schaeffler China, Wei Xiufang, leader of Wuhu City, and Wang Ting, Vice President of Chery Automobile Co., Ltd. attended.
Ningbo represent that the current development momentum of Anhui's automobile industry is strong. Wuhu is a sub-central city in Anhui Province. It is focusing on expanding and strengthening the first industry of new energy and intelligent connected vehicles, fully supporting Chery to expand the international market, and accelerating the construction of a new economic ecology of the automobile industry with the "three-in-one" of complete vehicles, parts, and aftermarket. Schaeffler is a leading global supplier in the automotive and industrial fields with profound technical accumulation. We hope to use this signing as a starting point to continue to deepen the tripartite cooperation among Wuhu, Chery and Schaeffler and promote the implementation of more cooperation results.
Klaus Rosenfeld said that Wuhu is a very attractive city and an important manufacturing city. It has developed very well in recent years and is an important part of Schaeffler's industrial development layout. He hopes to further strengthen exchanges and cooperation, form long-term partnerships with Wuhu and Chery, and work together to expand the international market to achieve mutual benefit and win-win development.
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