Nexteer Automotive has opened a new steering operation in Jiangjin District of Chongqing, China.
Chongqing Nexteer Steering System Co., Ltd., is co-funded by Chongqing Jianshe Industry and Nexteer Automotive. Chongqing Nexteer Steering System Plant is located in the new plant area of Degan Industrial Park in Jiangjin District.
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With the business development, Nexteer Chongqing plans to provide over 700 jobs by 2021. It will serve customers in central and western China and overseas to supply steering system products (including brush EPS, brushless EPS and intermediate shaft) and relevant services. In addition, an independent measurement lab has been set up at Chongqing Nexteer to meet various customer demands.
Gong Yande, Deputy Secretary of Party Committee & Deputy General Manager of China South Industries Group Corporation to which Chongqing Jianshe Industry is a part, said: "This strategic cooperation between Chongqing Jianshe Industry and Nexteer will further expand the business area and consolidate business strengths. We have benefited a lot from efficient cooperation with the Nexteer in new project acquisition, product R&D and market expansion, which lays a solid foundation for sustainable development of future business."
Mike Richardson, President of Nexteer Automotive, said at the opening ceremony: "Located in the concentrated area of China's automobile manufactures, Chongqing Nexteer will have strategic effects by setting up Chongqing Nexteer Steering System Plant, making it possible to get closer to our customers, partners and suppliers and to fully take advantage of over 110 years of Nexteer competence and product process in automobile integration, thus providing services perfectly leveraging of our vehicle-level thinking and systems integration capabilities."
