On March 1st, Gu Yongxi, vice president of Guangxi Yinhe Group, was confirmed to reporters in the field that the group had carried huge amounts of money into Sichuan to carry out large-scale asset restructuring with local auto companies and set up Sichuan Yinhe Automobile Group Corporation. At present, the agreement for asset restructuring has been formally signed.
The Guangxi Yinhe Group, which has been committed to the development of high-tech products, is optimistic about the production of truck parts and vehicles. It quietly joined Sichuan last year. It has acquired and merged Sichuan Dujiang Machine Tool Plant, Sichuan Highway Machinery Factory and Sichuan Guangcheng Vehicle within six months. Manufacturing Co., Ltd. established the Sichuan Yinhe Automobile Group, and at the same time incorporated its two auto parts companies in Jiangsu and Hebei into the auto group, creating the largest production base for trucks in the west.
According to reports, the group will invest 1.3 billion yuan to build a new Galaxy auto manufacturing base in Chengdu, including auto assembly lines, painting lines, etc. It is planned to be completed within two years, and it has recently produced medium-sized trucks, light trucks and special vehicles.
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