Marelli Automotive Parts Project Settled in Economic Development Zone

On the afternoon of August 9, the foundation laying ceremony of the Marelli Auto Parts Project was held in Changsha Economic Development Zone. The total investment of 10 million US dollars, covers an area of ​​40 acres, annual output value of 210 million yuan, the production of engine emission control system. Marelly's auto parts project will enter our district and will further promote the improvement and development of the park's automobile and parts manufacturing industry. Huang Yao, deputy director of the Changsha Economic and Development Zone Management Committee and secretary of the Party's Working Party Committee of the Enterprise, Jiang Ping, Vice President of Guangzhou Automobile Group, and Bai Qi Ni, CEO of Marelli China attended the foundation laying ceremony. Magneti Marelli is a Fiat Auto company that designs and produces advanced systems and components for the automotive industry. In 2010, the Group had 77 production departments, 11 R&D centers and 26 application centers in 18 countries and regions in the world. It employs approximately 34,000 employees and has a turnover of 5.4 billion euros. It faces Europe, North and South America and the Far East. All of the leading car manufacturers supply automotive components. Its business areas include: electronic systems, lighting, transmission systems, suspension systems, and shock absorber exhaust systems.