At 9 a.m. on February 24th, Guo Wanyi, Secretary of the Party Working Committee and Director of the Management Committee, announced the centralized commencement of key projects in the Cangzhou Economic Development Zone for 2017. Thirteen projects, including the Cangzhou Auto Parts Industrial Park of Hainachuan Cangzhou Auto Parts Co., Ltd., semiconductor modules and automotive injection molded parts of Cangzhou Qingnan Electronic Technology Co., Ltd., and auto parts of Cangzhou Zhulongshan Auto Parts Co., Ltd., participated in this event.

 The Hainachuan Cangzhou Auto Parts Industrial Park, invested and constructed by the BAIC Group's parts platform, serves as a high-end, modular industrial base providing core parts and components for the Beijing Hyundai Cangzhou factory. It primarily supplies the Beijing Hyundai Cangzhou factory with core automotive parts such as automotive heat exchange systems, complete vehicle wiring harnesses, interior systems, exhaust systems, sunroof systems, and fuel tank systems. The project spans an area of 369 acres, with a total investment of 1.02 billion yuan, and will construct a high-standard, customized factory building covering 122,000 square meters. It is expected to generate annual sales revenue of 2.6 billion yuan and pay taxes of 128 million yuan after its commissioning. This project is a technology-intensive industry, aligning with the new era strategic development requirements of innovation, high-end development, service-oriented, agglomeration, integration, and low-carbonization. It will significantly promote the upgrading of the auto parts industry in our region, stimulate economic development in Cangzhou and its surrounding areas, and enhance the skill level of industrial workers.