On the afternoon of December 17, the Guangdong Yuehai Equipment Technology Industrial Park project officially took root in Xiegang Town, Dongguan. The event was attended by high-level officials including Deputy Secretary of the Guangdong Provincial Party Committee and Governor Zhu Xiaodan, Standing Committee Member of the Provincial Party Committee and Executive Vice Governor Xu Shaohua, Vice Governor Zhao Yufang, as well as key leaders from Dongguan. According to reports, this is the largest single investment project since the establishment of Dongguan, with an estimated total investment ranging between 60 billion to 80 billion yuan. Once completed, it will become the largest automobile industry base in the province.
The industrial park project, designed by top Swiss experts, is planned to cover an area of 17 square kilometers in Xiegang Town. It will be developed in three phases over a period of 10 years, with construction expected to begin in the first half of 2013. The project aims to integrate advanced technologies and core components in auto parts, engineering equipment, and CNC machinery, bringing together both domestic and international leading manufacturing enterprises. This will foster an industrial agglomeration effect and promote the integration of urban and industrial development.
The ultimate goal is to build a complete industrial chain for high-end auto parts, covering research and development, precision manufacturing, and material forming. At the signing ceremony, it was revealed that around 110 foreign auto parts manufacturers have been initially identified, with 26 of them expressing strong interest in investing in the park. Additionally, an all-electric vehicle project with a range of 400 kilometers will also be established within the industrial park.
According to recent data, Guangdong’s annual car production capacity currently stands at 1.67 million units, and is expected to reach 4.5 million units by 2015. For every 300,000 additional vehicles produced, there is a need for a standard spare parts support system. This indicates a massive demand for auto parts in the coming years. Experts at the event highlighted that Guangdong's auto parts industry still faces challenges such as scattered distribution, small-scale operations, and low concentration. The imbalance between vehicle production and parts supply has created an urgent need for improvement.
Globally, the ideal ratio of vehicle to parts output is 1:1.7. However, in 2011, the Pearl River Delta generated a total output value of 220 billion yuan, while the auto parts sector only reached 170 billion yuan, resulting in a ratio of just 1:0.74. This gap highlights the significant potential for growth in the region’s auto parts industry. With this new industrial park, Dongguan is taking a major step toward balancing its automotive ecosystem and boosting its competitive edge in the global market.
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