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On May 18th, Changshu City in Jiangsu Province hosted a major investment promotion event for its Auto Parts Industrial Park. Representatives from nearly 100 automotive companies—including General Motors, Toyota from Japan, and Volkswagen from Germany—visited the site and expressed strong confidence in Changshu's business environment. Following the event, ten companies signed preliminary agreements to invest in auto parts manufacturing, signaling growing interest in the region.
Situated at the heart of the Yangtze River Delta, Changshu has emerged as a key industrial and port city. Since the new century, the city's industrial economy has consistently grown by 20% annually, with both GDP and fiscal revenue increasing by an average of over 15% per year. In 2005, Changshu's gross national product reached 67.88 billion yuan, with per capita GDP surpassing 8,000 U.S. dollars. Over the past few years, the city has focused on developing a high-tech precision machinery industry as part of its broader economic restructuring strategy.
Changshu International Auto Parts City, the largest auto parts market in East China, has played a crucial role in attracting and aggregating auto parts manufacturers. The city has nurtured and attracted more than 300 auto parts companies, establishing a strong and efficient industrial chain in the sector.
The Changshu Auto Parts Industrial Park, located within the Southeast Economic Development Zone, covers a planned area of 2 square kilometers. Guided by the principles of industrial clustering, enterprise concentration, and land efficiency, the park focuses on attracting high-tech and high-value-added auto parts projects. It aims to become a comprehensive hub integrating research and development, production, and sales of auto components. Currently, 54 auto parts manufacturers have established operations in the park, with a total investment of 1.2 billion U.S. dollars. This continued growth highlights Changshu’s rising prominence in the global automotive supply chain.