Taicang, a county-level city in Suzhou, Jiangsu. [Photo/WeChat account: tcfbgw]

The Boda Automotive Components Headquarters, funded by Jiangsu Xinboda Precision Automotive Parts, broke ground on May 6 in the Taicang Port Economic and Technological Development Zone.

The project will be implemented in two phases. Phase I involves a total investment of 210 million yuan ($30.87 million). Once completed, it is expected to produce 5 million sets of high-pressure fuel rails and core components of high-pressure fuel pumps annually, generating an estimated 500 million yuan in annual output at full capacity.

Phase II plans an additional investment of 190 million yuan and is aimed at expanding production capacity in cutting tools and specialty materials, further strengthening the company's industrial footprint.

Xinboda is an industry leader in China in the development of high-pressure fuel rails and core fuel pump components used in gasoline direct injection systems.