Project Name: Car sensor project
Release Date: 6th May, 2019
Investment Mode: Unlimited, sole proprietorship
Industry: Manufacturing, automotive manufacturing
Location: Guiyang City, Guizhou Province
Project validity period: Two years
Total amount of project capitals: 56.06 million US dollars

Car sensor

Project Description:
As the information source of automotive electronic control system, car sensor project is a key component of automotive electronic control system. With the promotion of policies, the development of intelligent vehicles and driverless technology, the application of vehicle sensors in the automotive field has been very extensive. Due to the diversification of automotive electronic control systems, the types and quantities of sensors required are increasing, resulting in a better market space. In recent years, with the enhancement of domestic enterprises’ independent innovation capability and the support of national policies, China’s sensor import substitution is accelerating. In the future, with the rapid follow-up of domestic enterprises, policy promotion, and continuous expansion of application fields, the sensor market will continue to grow at a high speed. This project relies on the cluster situation and scale effect formed by the new energy automobile and automobile manufacturing supporting industry in Gui’an New Area. Combined with the strong policy support and rich talent resources in the region, the company introduces foreign advanced vehicle sensors in the form of joint ventures at home and abroad. Production technology, create a research and development team, and quickly build a full-process production line of “component welding, auxiliary, testing, assembly, aging inspection”. The introduction of the project has expanded the intelligent manufacturing industry chain of the new district. Through high-end cutting, the company has formed a closed auto industry chain with upper, middle and lower reaches with smart cars and new energy vehicles as the main axes of the industry. After the project is put into production, it is estimated that the annual sales income will be 420 million, the net profit will be 128 million, the project investment return rate will be 21%, and the investment recovery period will be 5.38 years. It is estimated that more than 100 people will be employed and the social and economic benefits will be good.

Information Source: Ministry of Commerce Public Services