Xixia Zhongde Auto Parts Initiates Construction of Key NEV Axle Production Project

Published: Jun 30, 2025 21:53

Save

According to Nanyang Daily, the project of Xixia Zhongde Auto Parts Co., Ltd. (hereinafter referred to as "Xixia Zhongde") to produce 200,000 sets of integrated axles for NEVs annually has entered the construction progress stage, with the equipment installation in two foundry workshops also proceeding in an orderly manner.

The construction project of Xixia Zhongde to produce 200,000 sets of integrated axles for NEVs annually is a key construction project in Henan Province for 2025, with a total investment of 3.5 billion yuan and a total construction area of 200,000 m². It focuses on building production workshops, an R&D center for NEV parts, a production center, an office building, and some related supporting facilities. The project is committed to producing NEV parts that integrate automation, intelligence, and digitization, purchasing 10 production lines for NEV parts, and achieving an annual production capacity of 200,000 sets of integrated axles for NEVs.

The company has established long-term strategic cooperative relationships with globally renowned turbocharger companies such as IHI, MIH, and Garrett, as well as domestic and overseas well-known automakers such as Volkswagen and Audi. After the project reaches full production, it will bring incremental growth to the development of the Nanyang auto parts industry.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

18 mins ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

18 mins ago

20 mins ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

20 mins ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

20 mins ago