On the afternoon of February 28, Luoyang town in Wujin district and Shanghai Duoli Group signed an investment agreement for auto parts production base with a total investment of 500 million yuan. City and district leaders Li Lin, Dai Shifu and Xu Zhiguo witnessed the signing.

Founded in 1993, Duoli Group is a private equity company. With Shanghai Duoli as its headquarters, it has established seven branches in Jiangsu, Anhui, Shandong, Zhejiang, Hunan, Hubei and Shanghai.

After years of development, the Group has become a first-class supplier of well-known automobile companies such as Volkswagen, General Motors and SAIC. It has also become an auto parts manufacturer specializing in the development and production of mold and inspection tool, automotive stamping, assembly and welding.

It is reported that Duoli Group will establish a company named Changzhou Daya in Luoyang town with a total investment of 500 million yuan, mainly engaged in the production of auto parts and components, .

Li Lin, deputy mayor of Changzhou Municipal People’s Government and secretary of CPC Wujin District Committee, said that the governments at all levels in Changzhou will fully support the development of Duoli Group’s projects in Changzhou. He hopes that the two sides will further broaden and deepen cooperation to achieve mutual benefit and win-win results.

Deng Liqin, head of Duoli Group, expressed her gratitude to all departments at all levels in Changzhou for their support. She hopes that the project in Changzhou will be completed as soon as possible and help promote the industrial upgrading and economic development of Changzhou.