The automobile manufacturing industry is one of the industries with the longest global value chain and the widest coverage. Inside each vehicle, large and small parts drive countless enterprises and factories to run at high speed. In China, many European automobile companies represented by BMW have been deeply involved for decades. The huge Chinese automobile market not only attracts them to continue to increase capital and expand production, but also supporting suppliers have come to China to set up factories. The China-EU automobile industry chain continues to deepen integration.
Across the street from the BMW Brilliance Tiexi factory, the Shenyang factory of the Spanish Gestamp Group (hereinafter referred to as "Gestamp") was in full swing. The body and chassis parts were rolled off the assembly line in batches, and then shipped to the final assembly workshops of BMW Brilliance and many surrounding car companies.
Ren Tingfu, general manager of Gestamp's Shenyang plant, said that since the company settled in Shenyang in 2012, its production capacity has been continuously improved, and the cumulative investment in more than a decade has exceeded billions of yuan. "In order to meet the needs of customers to increase production capacity, we invested in the expansion of the automotive component project in 2023. Now the third phase of the project has been successfully completed and will be put into use soon."
As the world's leading auto parts supplier, Gestamp entered China in 2007 and now has 14 factories, 2 R & D centers and more than 5,000 employees in China. Luo Andong, CEO of Gestamp Asia Pacific, told reporters that China's auto market is large and innovative, and firm investment and cooperation in China is the key to Gestamp's global strategy.