Taizhou Deyao Auto Parts Co has recently launched a new project in Taizhou Port Economic Development Zone, bringing fresh momentum to the local auto parts industry.
With an investment of 500 million yuan ($68.60 million), the project will focus on the production of automotive bearings. Upon completion, it is projected to produce 5 million units annually, generating 400 million yuan in sales.
Founded in 2016, Taizhou Deyao Auto Parts Co specializes in the research, production, and sales of auto parts. In recent years, the company has experienced robust growth, and the new project is part of its efforts to expand production capacity in the zone.
An aerial view of Taizhou Port EDZ. [Photo/WeChat account: gh_1ff53eb21f0a]
Moving forward, the zone plans to provide comprehensive support and high-quality services throughout the project lifecycle, fostering mutual success.