Transportation Equipment

Growth in the automotive, spare parts and other transportation related manufacturing industries is rolling along at a steady pace in Weihai. The entire sector makes headway remarkably, because of the significance of its economic size in Weihai, a coastal and modernized city with natural littorals, and broad-ranging and convenient land-air networks that have already fused into a cohesive whole.

· Status Quo

A key economic driver for Weihai is transportation equipment manufacturing — motor vehicles and parts, ships and boats and related equipment, which generates about CNY 66 billion in annual industrial revenues of main business. This industrial cluster in Weihai mainly serves for shipbuilding industry and automobile & spare parts industry. 93 enterprises that are above designated size congregate here, with total assets of CNY 65.7 billion and 51,000 employees. Main Product are diversified, involving multi-purpose container ships, auto transport ships, large passenger ships, bulk carriers, tankers, multi-functional off-road vehicles, passenger cars, light trucks, micro-lorry trucks, modified cars, various radial tires, crankshafts, Wheel hubs, and brake pads etc.

· Ascending in sales and independent innovation

To date, Weihai's transportation equipment manufacturing industry is on the move swiftly through revamping and optimizing product structures, upgrading technological innovation and selling out well-engineered products to highly industrialized countries in North America and Europe etc. that have a strong need to deliver freight.