Wuliangye Group will not build vehicles for the time being in the automotive industry
Recently, a reporter learned from reliable sources that Wuliangye Group has officially announced its decision to produce automotive machinery molds and engine components in Jiulongpo, Chongqing, with a total investment of 300 million yuan. Industry experts believe that Wuliangye is likely to enter the automotive sector through strategic acquisitions and partnerships, marking a significant shift in its business strategy.
Wang Guochun, the President of Wuliangye Group, previously stated that the company now has full production capabilities for vehicles and is seeking new avenues to utilize its surplus capital. This move, according to insiders, is not just a sudden decision but a natural progression in the company's long-term development plan.
Push Corporation, a wholly-owned independent subsidiary of Wuliangye Group, currently holds nearly 2 billion yuan in fixed assets. It has been actively involved in the automotive supply chain for several years. Two years ago, Push secured orders worth 10 million yuan from Chongqing Chang'an and Japanese automakers, marking its initial entry into the auto industry by manufacturing parts and components. Since then, the company has grown rapidly, achieving an annual production value exceeding 1 billion yuan.
Today, Push Corporation supports major automotive companies such as Chongqing Changan, Tianjin Toyota, Chengdu Toyota, and Guangzhou Honda. This expansion into the automotive sector shows Wuliangye's ambition to diversify its operations and explore new growth opportunities beyond its traditional wine business. With this new venture, the company is positioning itself as a key player in the manufacturing industry, further strengthening its market presence and long-term sustainability.
Hpa Series Baler,Metal Baler Equipment,Metal Baler Machines,Scrap Metal Baler Machines
Jiangsu nanyuan hydraulic co.,ltd , https://www.nyhydraulic.com