On January 7, a reporter learned that the Torch High-Tech Industry Development Center under the Ministry of Science and Technology has recently approved the establishment of the National Torch Plan Yantai Auto Parts Industry Base within the Fushan High-Tech Industrial Park in Yantai City. This marks a significant milestone for the local auto parts sector, as it gains official recognition as a national-level development hub.
In November 2007, a team of experts from the Torch Center, along with officials from provincial and municipal authorities, conducted an on-site inspection and evaluation of the Fushan District. Following a thorough review based on the "National Torch Program Characteristic Industrial Base Certification Conditions and Measures" (Trial), the experts officially approved the establishment of the base. Their assessment highlighted the strong potential and readiness of the region to support high-tech industrial growth.
The expert group noted that Yantai has effectively leveraged the Torch Program to drive the development of its high-tech industries. The auto parts industry base has already laid a solid foundation, featuring a comprehensive range of functions, diverse product lines, and a well-established system for research, production, distribution, and sales. This infrastructure supports the entire value chain of the auto parts sector.
According to recent statistics, Yantai is home to 305 auto parts companies, making it a key distribution center in Shandong Province. These companies employ over 100,000 people and generate annual sales revenue of 24.5 billion yuan, with approximately 900 million U.S. dollars in exports. This accounts for about 5% of the city’s total industrial output. In 2006 alone, the base achieved sales of 6.5 billion yuan and exported 350 million U.S. dollars, signaling the emergence of a distinct auto parts industry cluster.
Following the evaluation, four leading companies were selected to join the industrial base: Yantai Zhenghai Xingyuan Auto Interior Decoration Co., Ltd., Shandong SAIC Transmission Co., Ltd., Yantai Fuer Precision Machinery Co., Ltd., and Yantai Taili Automobile Mold Manufacturing Co., Ltd. These firms have been recognized as the first batch of core enterprises in the base, further strengthening its position as a national hub for auto parts innovation and production.
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