Zhu Jimin, chairman of Shougang Group, said on June 21 that the auto parts industry will become one of the pillar industries of Shougang in the future. Beijing Jingxi Heavy Industry Co., Ltd., which holds 51% shares in Shougang, is the entry point for Shougang to enter this industry.
In March 2009, Jingxi Heavy Industries purchased the Delphi Suspension and Braking business of the United States. The United States Delphi ranks first in the world in this industry, and then Jingxi Heavy Industry has begun to deploy in the auto parts industry.
Shougang's layout of the auto parts industry is undoubtedly a direct solution to Shougang's auto sheet sales. In fact, Shougang not only lays out the auto parts industry, but also invests in the auto vehicle industry, including Beijing Hyundai Motor Co., Ltd.
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