Great Wall Motor to launch smart active suspension project in China’s Wuxi
Shanghai (Gasgoo)- Great Wall Motor (“GWM”) recently signed up for an intelligent core parts project, which will involve a total investment of 3.1 billion yuan ($461.117 million), the Baoding-based automaker announced on May 10 via its WeChat account.
Signing ceremony; photo credit: GWM
Under the project, facilities that integrate functions of R&D and manufacturing of intelligent active suspension system will be built under the operation of Exquisite Automotive Systems Co., Ltd., a wholly-owned subsidiary of GWM.
The project will be carried out in two phases. The first phase will contain an 87,000-square-meter plant and an office & R&D block. The second phase will be constructed for R&D, production, and sales of EAS (electronic air suspension) system and EDC (electronic damper control) system.
Upon completion, the project is expected to feature an annual production capacity of 1.1 million sets of EAS system, 2.6 million sets of EDC system, and output a yearly production value of 10 billion yuan ($1.487 billion). Besides, it would offer over 1,000 jobs as well.
Great Wall Motor said it is among the first-tier players of semi-active and active suspension technologies in China. Once the Wuxi project starts production, it will apply more advanced technologies in vehicles under China's self-owned brands.
The company added the Wuxi base would play an important role in GWM's industrial deployment for intellectualization, serving as the automaker's R&D and production headquarters in East China for premium vehicles' core intelligent parts.
Based on GWM's 2025 strategy, it plans to invest 100 billion yuan ($14.875 billion) in R&D by 2025, offering more environment-friendly, smarter and safer products for global users.
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