Changshu Automobile Trim Co., Ltd. announced that its subsidiary company -- Changchun Automobile Trim Co., Ltd. plans to set up a new project in the Hangzhou Bay New Zone, Zhejiang Province, which is designed to produce annually 1.5 million sets/pcs of automobile inner trims, with a total investment of CNY 300 million and 1.5 years of construction period.

This investment is another manifestation of the company's strategy to accelerate the expansion, which is conducive to further developing high-quality customers like Geely Automobile.

More than 80% of the company's performance stems from its existing customers FAW-Volkswagen (including Audi), Brilliance BMW and Beijing Benz. As the core supplier for FAW-Volkswagen, Changshu Automobile Trim Co., Ltd. will benefit from the strongest product cycle of FAW-Volkswagen in 2018-2019 period.

Source: China Textile Leader Express