China Bus Network [] reporter learned that a few days ago, the Shanghai ZF steering system (Yantai) Co., Ltd., located in the Fushan High-tech Industrial Park in Yantai, was formally put into operation. The project has a total investment of 500 million yuan. It is a joint venture of Germany's ZF Group, Germany's Bosch Group, and SAIC Group's three world's top 500 companies. It mainly produces column-and-tube type electric steering machines. It is a Shanghai Yantai Dongyue company and Beijing and Tianjin. , Qingdao, Hebei and other places supporting car manufacturers. After all the projects have been completed and put into production, the company can produce 1.2 million sets of various types of steering machines for automobiles, achieve revenues of more than 1 billion yuan, and profits and taxes of more than 100 million yuan.
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