Recently, the government of Guigang City, Guangxi Province, and Tieniu Group Co., Ltd. signed an agreement on the “construction project for the production line of 5 million forged magnesium alloy wheels per year”, marking the official establishment of the project in Guigang, Guangxi. The total planned investment of the project is 2.661 billion yuan, and the annual output value after the completion of the project is about 7.5 billion yuan.
It is understood that in terms of vehicle manufacturing, Tieniu Group has three major automobile brands: Zotye, Jiangnan and Junma. The company has successively deployed vehicle production bases in Zhejiang, Hunan, Jiangsu, Shandong and other provinces. The level of industrial equipment is at the leading level in the domestic industry, and its products cover market segments such as cars, SUVs, MPVs and new energy vehicles.
In terms of auto parts business, after more than 20 years of continuous development, the auto parts industry of Tieniu Group has made great progress in the research and development, production and manufacturing of auto parts such as automobile engines, transmissions, batteries, motors, electronic controls, and chassis. Achieve innovation breakthroughs in the technological field and deepen the expansion of the industrial chain layout, large-scale advantageous industries with excellent independent supporting capabilities and market competitiveness. At present, the main parts companies are Hangzhou Jinren Auto Body Co., Ltd., Hangzhou Yichenfute Auto Parts Co., Ltd., Huangshan Jinma Technology Co., Ltd., Kuntai Vehicle System Co., Ltd. and so on.