On October 27, after 13 months of intense construction, the first phase of Autolif (Jiangsu) Safety Components Co., Ltd. was completed and put into production.
In September of last year, Autotizer AG, the world's largest manufacturer of vehicle occupant protection systems, invested 168 million U.S. dollars in Xuetan Town, Jintan City to build the largest production base for automotive safety components in China, mainly producing automotive electronic security. System, seat belt system, electronic control unit, car steering wheel system and other products. After full production, it will account for more than half of the domestic market, with an annual sales income of 2 billion yuan.
It is understood that after the completion of the first phase of the project, Autoliv (Jiangsu) is accelerating the implementation of the second phase of the project, the product is expected to cover the Asia-Pacific market, and provide important auto parts manufacturers with support for key components.
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