欧宝体育

1. Introduction to the Project

1.1 Project background

1.1.1 Introduction to the Project

The intelligent connected vehicle is a new generation of multi-vehicle system which focus on the vehicle as the main entity and key node, integrating modern communication and network technologies to enable information sharing and coordinated control between vehicles and external nodes, aiming to achieve safe, orderly, efficient, and energy-saving driving. Intelligent Connected Vehicle Components, as an essential part of intelligent connected vehicles, play a crucial role. Their emergence not only enhances the functionality of vehicles, making driving more convenient and safe, but also brings tremendous business opportunities and development potential to the entire automotive industry.

1.1.2 Market prospect

(1) Current Status of the Intelligent Connected Vehicle Market and Investment Prospect

Intelligent connected technology mainly utilizes the power of the Internet and advanced communication systems to connect vehicles with other vehicles, pedestrians, infrastructure, cloud platforms and various other networks and devices. Intelligent connected vehicle represent an organic integration of the Internet of Vehicles (IoV) and smart vehicle technologies. They offer more comfortable, eco-friendly, energy-efficient, and safer comprehensive solutions and modes of travel.

Currently, the application service of intelligent connected vehicle in China can be divided into four categories: mobile communication networking service, traffic management application, information service application and autonomous driving application; Among them, the mobile communication networking service is a basic communication network linking service for realizing traffic management application, information service application and autonomous driving application.

In recent years, with the continuous integration of intelligent technology and the Internet, the connection between automobiles and the Internet is becoming increasingly close, leading to a surge in innovative services. The intelligent connected vehicle application service industry has been growing rapidly. Driven by intelligent transportation system, digital economy and policy support, the market size of China's intelligent connected vehicle application service has increased to 163.6 billion yuan in 2023.

Intelligent connected vehicle is an important direction of future automobile industry development, which combines autonomous driving technology, Internet of Vehicles (IoV) technology and intelligent application. According to the forecast of market research institutions, the global intelligent connected vehicle market is expected to experience rapid growth in the coming years, with the market size projected to reach hundreds of billions of dollars by 2030.

(2) Connected Vehicle Components Market

As a pillar industry in China's national economy, automobile industry has been continuously promoted by the government to promote the development of automobile and parts industry. The relevant policies mainly focus on two aspects: one is to promote automobile consumption and support the overall development of automobile industry; the other is to vigorously develop new energy vehicles. At the same time, with the extension of China's new energy vehicle subsidy policy and the release of mid-and long-term development plans for the industry, the mid-and long-term development of the new energy vehicle industry continues to show a positive upward trend, while the relevant automotive parts remain in a high-growth stage.

With the increasing demand of consumers for safety, convenience and environmental protection, the popularization of intelligent connected vehicles will become an inevitable trend. The growing acceptance of intelligent connected vehicles in major markets (such as North America, Europe, and China ) is constantly increasing, driving the market demand for related components.

The continuous innovation of related technologies, such as artificial intelligence, Internet of Things and big data analysis, has greatly promoted the R&D and application of intelligent connected vehicles. The advancement of these technologies has led to the increasing intelligence of vehicles, thus promoting the expansion of the parts market.

Relevant market data shows: The continuous growth of global vehicle ownership, especially in emerging markets and developing countries, has also led to an increased demand for automotive parts. The need for maintenance of older vehicles and the demand for modernized models have driven the development of the components market. The continuous progress of automobile technology, the rise of new materials, and trends towards intelligent and electrified vehicles, the demand for new types of components has increased. For example, electric vehicle batteries, smart sensors, and on-board Internet devices are emerging markets. Increased consumer demand for vehicle performance, appearance and safety has led to segmentation of the parts market. Increased demand for high-quality, high-performance, customized components such as modification parts, body kits, etc.

The analysis of the automotive parts market shows that with the improvement of the economic level, consumers' investment in vehicle maintenance and modification also increases, which promotes the consumption upgrading and market space expansion of the automotive parts market. Increased global environmental protection and energy efficiency requirements has prompted automakers and consumers to replace parts with more environmentally friendly options, such as energy-efficient engine components and low-emission exhaust systems, thus adding new demand to the market.

In summary, the automotive parts market not only has stable demand in the traditional maintenance and replacement field, but is also continually expanding its market space driven by new technologies, new materials, and consumption upgrades. This creates opportunities for enterprises, but also requires flexible market insight and innovation to meet changing consumer needs.

1.1.3 Advantageous conditions of project construction

(1) Policy advantages

In order to implement the “New Energy Vehicle Industry Development Plan (2021-2035)” (GBF [2020] No. 39), promote the infrastructure construction of Internet-connected cloud control, explore the multi-scene application of autonomous driving technology based on high-efficiency coordination of vehicle, road, network, cloud and image, and accelerate the technological breakthrough and industrialization development of intelligent connected vehicles.

The “Guidelines for the Construction of Standard System for Basic Map of Intelligent Vehicles (2023 Edition)” states that: It provides principled guidance on the standardization of intelligent connected vehicle basic maps in areas such as basic general standards, production updates, application services, quality testing, and safety management. The aim is to promote the collaborative development of intelligent vehicle basic maps and geographic information with industries such as automotive, information and communication, electronics, transportation, information security, and encryption, gradually forming a standard system for intelligent vehicle basic maps that meets the technological and industrial development needs of our country.

Jilin Provincial “Notice on Policies and Measures to Accelerate the Construction of the Automotive Parts Industry System” supports collaborative innovation between parts enterprises and the vehicle manufacturing industry, striving to significantly improve the localization rate of components and create an open, internationally advanced automotive parts industry ecosystem.

(2) Location advantages

Wangqing County has obvious location advantages and well-developed transportation. Wangqing is located in the east of Jilin Province and the northeast of Yanbian Korean Autonomous Prefecture. The whole area is 108 kilometers long from north to south and 152 kilometers from east to west. Wangqing County is close to the Northeast Asian Economic and Trade Zone and is adjacent to the open cities of Suifenhe, Hunchun and Tumen, facing 8 ports, including Suifenhe, Changlingzi, Shatuozi, Tumen, Sanhe, Nanping and Shuangmufeng. With an area of 9,016 square kilometers, it is the second largest county at county level in the province.

Jilin Wangqing Economic Development Zone is located in the northeast of Yanbian Prefecture, at the intersection of Changchun-Jilin-Tumen Development and Opening-up Pilot Zone and Harbin-Mudanjiang-Suifenhe-Dongning Economic Belt of Heilongjiang Province, 77 kilometers away from Prefecture Capital Yanji, 55 kilometers away from Tumen Port and 121 kilometers away from Hunchun Port.

(3) Advantages of investment services

Wangqing Economic Development Zone has made remarkable achievements in attracting investment. 8 new projects have been launched, with a total investment of up to 830 million yuan, which has injected strong momentum into the local economic development. At the same time, 10 key investment attraction projects are being actively promoted, with a total expected investment of 1.52 billion yuan, highlighting the strong development momentum and enormous investment potential of the Wangqing Economic Development Zone.

Wangqing Economic Development Zone will continue to adhere to the strategy of “pay equal attention to Going out and Inviting in”, constantly expand investment channels, and strengthen cooperation and exchange with domestic and foreign enterprises and institutions. At the same time, further optimize the business environment, improve the service quality, and provide investors with more convenient, efficient and high-quality services. Through continuous efforts, Wangqing Economic Development Zone will attract more high-quality enterprises and projects to settle down and promote the local economy to achieve high-quality development.

1.2 Contents and scale of project construction

The project covers an area of 100,000 square meters, with the construction of automobile supporting parts processing production line, treatment workshop, etc., and to attract enterprises in the fields of vehicle dismantling and automotive parts manufacturing.

1.3. Total investment of the project and capital raising

The total investment of the project is 150 million yuan, including construction investment of 120 million yuan

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales income will be 105.7 million yuan, its profit will be 34.8 million yuan, its investment payback period will be 6.3 years (after the tax, including the construction period of 2 years) and its investment profit rate will be 23.3%.

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

The project complies with the national industrial development policy and industrial technological progress requirements, meets the requirements of Jilin Province automotive parts industry market, and adapts to the requirements of the growing development of relevant products in the region and Yanbian Prefecture. Upon completion, the project will create a large number of job opportunities, promote economic growth, and significantly contribute to the vigorous development of the automotive parts industry in Wangqing, with substantial social benefits.

1.5 Cooperative way

Sole proprietorship, joint venture and cooperation, etc.

1.6 What to be invested by the foreign party

Funds and other ways can be negotiated face to face.

1.7 Construction site of the project

Jilin Wangqing Economic Development Zone

1.8 Progress of the project

Project proposal has been prepared

2. Introduction to the Partner

2.1 Unit basic information

Name: Management Committee of Jilin Wangqing Economic Development Zone (former Wangqing Industrial Concentration Zone)

Address: No. 435-2, Binhe North Street, Wangqing County

2.2 Unit overview

Jilin Wangqing Economic Development Zone is located in the northeast of Yanbian Prefecture, at the intersection of Changchun-Jilin-Tumen Development and Opening-up Pilot Zone and Harbin-Mudanjiang-Suifenhe-Dongning Economic Belt of Heilongjiang Province, 77 kilometers away from Prefecture Capital Yanji, 55 kilometers away from Tumen Port and 121 kilometers away from Hunchun Port. The development zone was formerly known as the Wangqing County Industrial Concentration Zone. In November 2005, it was officially approved and established by the provincial government, with a planned land area of 3.22 square kilometers. In 2016, the zone was included in the national development zone directory. On December 23, 2022, it was upgraded to Jilin Wangqing Economic Development Zone with the approval of the provincial government.

Currently, there are 153 enterprises settled in the park, including 12 industrial enterprises above designated size. In 2022, Wangqing Economic Development Zone realized total industrial production value of 1.68 billion yuan, an added value of 602 million yuan, tax revenue of 149 million yuan, fixed asset investment of 872 million yuan, and a total import and export volume of 112 million yuan. In 2022, it ranked the 25th among 72 provincial level development zones in the province, placing it in the middle to upper range in terms of comprehensive strength.

Since its establishment, the development zone has adhered to the coordinated development of economy, resources and ecology. After years of layout, an ecological agricultural product processing industry represented by Haoji Brewing Food Co., Ltd, Zhongnong Industry and Beiyihe has been preliminarily formed; Edible mushroom processing industry, represented by Foison Bio-Tech and Beier Technology. Pharmaceutical and health industry, represented by Zhengshengkang Bio, Likang Pharmaceuticals, and Huahui Bio. Clean energy recycling economy industry represented by Kaidi Electric Power, Jingyu Bio-tech and Green Power Technology. During the “14th Five-Year Plan” period, it will focus on cultivating four leading industries: agricultural products processing industry, Health and wellness industry, clean energy industry and advanced manufacturing industry.

2.3 Contact method

Contact Person: Miao Yuqiang

Tel: +86-15143374377

Unit: Jilin Wangqing Economic Development Zone (formerly Wangqing Industrial Concentration Zone)

Email: wqkfzs@163.com

Contact method of the city (prefecture) where the project is located:

Contact unit: Yanbian Prefecture Bureau of Commerce

Contact Person: Li Jingyu

Tel: +86-13596515933