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The reporter recently learned from related parties that the Pushe company of Wuliangye Group has officially decided to produce automotive machinery molds and engine parts in Jiulongpo, Chongqing, with a total investment of 300 million yuan.
"In our five-year plan, there is no plan to produce a complete vehicle for the time being." Li Li, head of the company's office, said on the 24th that Push is currently supporting automakers to produce automotive machinery molds and engine components.
Industry insiders estimate that Wuliangye will join hands with auto manufacturing companies through acquisitions and mergers and acquisitions, and then formally enter the auto industry.
Wang Guochun, President of Wuliangye Group, once said that Wuliangye has fully equipped the vehicle's production capacity and seeks a way out for the surplus capital. This is a matter of course.
According to reports, Push Corporation is a wholly-owned independent subsidiary of Wuliangye Group’s pre-investment and currently has nearly 2 billion yuan in fixed assets.
Two years ago, Push received orders for 10 million yuan from Chongqing Chang'an and Japanese automakers. It cut into the automotive industry from the perspective of manufacturing parts and components, and soon achieved an annual production value of over 1 billion yuan. , Push has been supporting many companies such as Chongqing Changan, Tianjin Toyota, Chengdu Toyota and Guangzhou Honda