Recently, the Sino-German Ecopark in Qingdao West Coast New Area (WCNA) signed an investment agreement with German Diehl Controls (Nanjing) Company to construct a production base.
The production base project received a total investment of 253 million yuan ($40 million), and has a goal of establishing a premier white goods supply production base in the country.
Qingdao West Coast New Area holds an online conference to sign an investment agreement to build a production base with German Diehl Controls (Nanjing) Company. [Photo/WeChat account: qdxihaianfabu]
The successful completion of this project will further increase the new district's resource advantages in high-end equipment manufacturing.
The project intends to construct five production and assembly lines, with trial production beginning by the end of June 2023.
A rendering of the production base in the Sino-German Ecopark in Qingdao West Coast New Area [Photo/WeChat account: qdxihaianfabu]
The project is expected to achieve an annual output value of 500 million yuan, providing electronic controllers and panel assembly systems for well-known household appliance brands such as Haier.
In the global white goods market, the German company DIEHL AKO Stiftung & Co KG is the market leader in electro-mechanical and electrical controls for household appliances.