Huai'an District in Jiangsu Province Accelerates Automotive Industry Growth

Strategic Insights -

Huai'an District in Jiangsu Province has made significant strides in developing its automotive and auto parts industry in recent years. By integrating the sector into the city's core planning frameworks, Huai'an has created a favorable investment environment, attracting major projects such as the Zenith Steel high-end steel cord project and the BYD new energy commercial vehicle project. These initiatives have contributed to a substantial increase in the industry's output value, with 81 automotive and auto parts enterprises achieving a total output value of RMB 26.58 billion in 2024, marking a year-on-year increase of 22.2%. The city's industrial cluster is valued at over RMB 100 billion, with a complete industrial chain led by new energy commercial vehicles, supported by various components.

Key Takeaways:

  • Huai'an District has integrated the automotive and auto parts industry into its core planning frameworks, focusing on the "7+3" advanced manufacturing clusters and the "353" integrated clusters of strategic emerging industries.
  • Major industrial projects, such as the Zenith Steel high-end steel cord project (RMB 20.2 billion investment) and the BYD new energy commercial vehicle project (RMB 15 billion investment), have been launched, driving growth in the industry.
  • In 2024, the city's 81 automotive and auto parts enterprises achieved a total output value of RMB 26.58 billion, marking a 22.2% year-on-year increase.
  • The city's industrial cluster is valued at over RMB 100 billion and features a complete industrial chain led by new energy commercial vehicles, supported by various components such as automotive-grade steel, gears, batteries, tires, steel cords, aluminum trim, and structural parts.
  • Huai'an continues to support vehicle manufacturers in achieving large-scale production and attract leading enterprises in new energy motors, electronic controls, and transmission systems to complete the industry chain.
  • The district is innovatively promoting industry-wide Party-building collaborations and supply-demand matchmaking events to foster coordinated development across the entire industrial chain.

Statistics:

  • Total output value of Huai'an's 81 automotive and auto parts enterprises in 2024: RMB 26.58 billion
  • Year-on-year increase in total output value: 22.2%
  • Value of the city's industrial cluster: over RMB 100 billion
  • Number of automotive and auto parts enterprises: 81
  • Investment in the Zenith Steel high-end steel cord project: RMB 20.2 billion
  • Investment in the BYD new energy commercial vehicle project: RMB 15 billion

Sources:

  • Huai'an Government Official Website: http://english.huaian.gov.cn/News/content/17539776/1754379730725ktITkbJU.html