Auto equipment industry
The auto equipment industry sees strong strength. The zone's leading auto industrial parks, including Weichai Power Industrial Park, Foton Motor Industrial Park, Shenrui Automatic Transmission Industrial Park, and Advanced Manufacturing Park, have attracted 51 enterprises, with sales revenue expected to reach 100 billion yuan ($14.95 billion) in 2020. The zone is a demonstration base for new industrialization of national equipment manufacturing and a power machinery industrial base under the National Torch Program.
Driven by the “Internet + Manufacturing” strategy, Weichai Group has merged with French Baudouin, and restructured some world manufacturers such as Italian yacht maker Ferretti, Germany’s Kion Group and Linde Hydraulics. Boasting the largest market share in terms of heavy-duty engines, heavy-duty gearboxes and luxury yachts in the world, Weichai is the most competitive auto and equipment manufacturer in China and is expected to be on the Fortune Global 500 list at the end of the "13th Five Year Plan" (2016-2020).
Foton Motor is building a comprehensive manufacturing base integrating R&D and production of business cars, MPVs and engine and auto molds.
Shengrui Transmission has established a national engineering research center for passenger vehicle automatic transmissions. Its self-developed 8-speed automatic transmission, featuring the world’s first FF layout plug-in hybrid, won the China Patent Gold Medal and first prize at the China Automotive Industry Science and Technology Awards. Shengrui is now making a move to become a world-class leader in automatic transmission R&D.