Shanghai (Gasgoo)- Chinese auto parts supplier Yanfeng will build a new smart cockpit base in Shanghai Minhang Economic and Technological Development Zone Lin-gang Park, according to a post on the WeChat account of the management committee of the Lin-gang Special Area.
The project settlement was decided after Yanfeng successfully obtained the right to use a 97,025.9-square-meter industrial land at the heavy equipment industrial zone in the Lin-gang Special Area and signed a contract with the Shanghai Municipal Planning, Land and Resources Administration on the leasing and transferring of the land use right.
The recent move indicated that the intended cooperation formed last year between Yanfeng and local authority of the Lin-gang Special Area has been essentially firmed up.
Photo credit: Yanfeng
On August 19, 2021, Yanfeng International Automotive Technology Co., Ltd., a wholly-owned subsidiary of Yanfeng Automotive Trim Systems Co., Ltd., and the management committee of the Lin-gang Special Area signed a memorandum of understanding (MoU) for the launch of an intelligent cockpit project.
Under the MoU penned then, Yanfeng International intended to build in the Lin-gang Special Area an R&D and export base for its intelligent cockpits and automotive interior & seating components, which would be the largest-of-its-kind base Yanfeng has ever constructed.
According to the corporate information inquiry platform Tianyancha, Yanfeng Automotive Trim Systems Co., Ltd. is a wholly-owned subsidiary of HUAYU Automotive Systems Co., Ltd., where SAIC Motor serves as its majority shareholder.
