SAIC, Baosteel Group, and Donghua Company have recently signed a significant mold project cooperation agreement in Nanjing, aiming to enhance capital investment and restructure Nanjing Nanchang Mould Equipment Co., Ltd. Under the new arrangement, SAIC and Baosteel will each hold 35% of the equity in the joint venture, while Donghua will own 30%. This collaboration marks a key step toward strengthening their combined capabilities in the automotive and industrial manufacturing sectors.
Since SAIC and Yuejin signed a comprehensive cooperation agreement last December, SAIC has been actively driving full integration with Nanjing Auto across various areas, including vehicle development, parts supply, and after-sales services. The recent mold project is a clear example of this progress, showcasing SAIC's commitment to expanding its strategic partnerships and optimizing operational efficiency.
In addition, SAIC and Baosteel are working together to promote cross-regional and cross-industry collaboration, aligning with national industrial policies and supporting the economic integration of the Yangtze River Delta region. This initiative not only strengthens their market positions but also contributes to broader regional development and industrial synergy.
According to reports, Nanjing Nanchang Mould Equipment Co., Ltd. is a core subsidiary of Donghua, specializing in mold manufacturing. Over the past few years, the company has successfully expanded its operations both domestically and internationally, with its mold processing services now reaching markets in the UK, Iran, and other regions. Following its partnership with Baosteel, the company plans to establish a new production base in Pukou, Nanjing, leveraging Baosteel’s expertise in steel technology and cost efficiency. By combining its existing mold capabilities with new opportunities in stamping parts, the company aims to further grow its market presence and explore new business avenues.
This collaboration highlights the growing trend of strategic alliances in China’s industrial sector, driven by the need for innovation, efficiency, and global competitiveness. As these major players continue to invest and expand, they are setting a strong foundation for future growth and long-term success.
Keywords: SAIC commercial vehicle expansion, industrial collaboration, cross-regional development, mold manufacturing, Baosteel, Donghua.
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