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Yantai, Shandong: Major Auto Companies to Register Output Value of RMB 100 Billion

Source：Haibao News 02-10-2025 09:00:00

Yantai City in Shandong Province aims to build an automobile industrial chain worth RMB 100 Billion. In recent years, the city has fully implemented the "chain chief system" in the automobile industry and accelerated the construction of a new energy vehicle industry featuring coordination of battery, motor and electronic control, connection of upstream, midstream and downstream, and integration of government, industry, research and application. In 2024, Yantai accelerated major projects such as 160,000 new energy vehicles of SAIC-GM and Weichai Fudi New Energy Power Industrial Park with a total investment of RMB 56 billion.

Yantai keeps a close eye on core products and key projects to make up for the industrial chain. Weichai Fudi New Energy Power Industrial Park Project, with a joint investment of RMB 56 billion by Weichai and BYD, has settled in Fushan. After being put into service, it can produce 50GWh battery cells, 500,000 flat wire motors, 400,000 electric controls and 50,000 electric drive assemblies annually, filling the gap in power battery production in Yantai City. At present, the first phase of the project has been completed and put into operation. The automobile industrial chain has signed 12 projects such as Senrui Intelligence and Fuel Cell Power In, with a total investment of more than RMB 4 billion.