Auto Revitalization Plan Marks Significantly: Auto and Motorcycle Production Base Stops Stabilizing Signs

Under the background of the current global economic downturn, the country has issued a timely plan for the adjustment and revitalization of the automobile industry, injecting vitality into the development of the domestic automobile and parts industry. The Yuhuan County, Zhejiang Province, one of the major production bases for automobile and motorcycle parts in China, recently released information in Shanghai that its automobile and motorcycle industry has shown signs of stabilizing. The sales value realized in the first three months of this year has recovered from the fourth quarter of last year. 2 percentage points.

According to the relevant person in charge of Yuhuan County in Zhejiang Province, the related industries of the major auto and motorcycle production bases in the country have stopped falling and rebounded. In the first three months of this year, the sales value of RMB 4.3 billion was realized, which was a 2 percentage point increase from the fourth quarter of last year.

The automobile and motorcycle industry is the first pillar industry of the Yuhuan industrial economy. At present, there are more than 1,800 auto and motorcycle enterprises in the county, of which nearly 300 have an annual output value of more than 10 million yuan. Yuhuan is an important automobile and motorcycle production and export base in China. Since 2002, it has maintained an average annual growth rate of over 22% for six years.

According to reports, the ongoing financial crisis has caused a certain impact on the Yuhuan related industries. However, the timely introduction of the country's automobile industry restructuring and revitalization plan has begun to release positive effects. At the same time, the local government has also implemented a number of measures to “strengthen the development of enterprises” to promote the transformation of industries, enterprises, products, and other aspects. Last year, despite the sharp increase in domestic material prices in the first half of the year and the decline in the world economy in the second half of the year, the Yuhuan automobile and motorcycle industry still achieved sales of 24.5 billion yuan, maintaining a double-digit increase. In the first quarter of this year, the sales value realized by relevant industries in this region was also better than the expected target, and there was a trend of a quarter-on-quarter decrease.