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 start producing automotive machinery molds and engine parts in Jiulongpo District, 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 with established auto manufacturers. Wang Guochun, President of Wuliangye Group, previously stated that the company now possesses full vehicle production capabilities and is seeking new avenues for its surplus capital. This move, according to insiders, is a natural progression for the company as it looks to diversify its business portfolio. Push Corporation, a wholly-owned subsidiary of Wuliangye Group, is currently operating independently and holds nearly 2 billion yuan in fixed assets. The company has been steadily expanding its presence in the automotive supply chain. Two years ago, Push secured orders worth 10 million yuan from Chongqing Chang’an and Japanese automakers, marking its initial entry into the automotive industry by manufacturing parts and components. Since then, the company has rapidly grown, achieving an annual production value exceeding 1 billion yuan. It has since become a key supplier to major automotive companies such as Chongqing Changan, Tianjin Toyota, Chengdu Toyota, and Guangzhou Honda. This expansion reflects Wuliangye’s broader strategy to leverage its existing resources and expertise in manufacturing, while also tapping into the high-growth potential of the automotive sector. With its strong financial backing and growing industry partnerships, the company is well-positioned to make a lasting impact in this new field.

Y83 Series Briquetting Presses

Briquetting Presses,Briquetting Press,Briquetting System Machine,Metal Briquetting

Jiangsu nanyuan hydraulic co.,ltd , https://www.nyhydraulic.com