The grand foundation stone of International International Auto Parts City and Korea Auto Parts Mining Base
Recently, a groundbreaking ceremony was held in the Funing Development Zone to mark the start of a major investment project worth 320 million yuan in the International Auto Parts City and the South Korea Auto Parts Mining Base. This event marks a significant step forward in strengthening the region's auto parts industry and deepening its ties with South Korean manufacturers.
The Wanguo International Auto Parts City project was jointly introduced by the Funing Development Zone and Luoqiao Town in Mianning County. The first phase of the project involves an investment of 320 million yuan and includes eight auto parts markets. Once fully operational, the complex is expected to generate annual sales of up to one billion yuan. It is also anticipated to create employment opportunities for over 3,000 people.
With the ongoing expansion of the Dongfeng Yueda Kia production base in Yancheng, the project is expected to attract hundreds of South Korean auto parts manufacturers, eventually forming a major production hub for Korean automotive parts in China and even globally. This strategic location provides an ideal platform for the development of a large-scale Korean auto parts wholesale market.
Suining Wanguo Auto Parts City is actively working to capitalize on this opportunity. To date, it has already reached preliminary agreements with more than 60 companies, signaling strong interest and potential for future growth. As the project progresses, it is expected to become a key player in the regional and international auto parts supply chain, further boosting economic development in the area.
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