中文|日本语|Français|Deutsch
Home > Media Center > News
News

WHDZ receives $144m investment from world leading auto parts firm

Updated: 2018-10-19

Electricfil Automotive (EFI Automotive) and Wuhan Economic and Technological Development Zone (WHDZ) signed a cooperation agreement on Oct 18, to establish its second plant in Wuhan, as well as its R&D center for the Asia-Pacific region in the zone, with investment totaling 1 billion yuan ($144.24 million).

11.jpg

Representatives of Wuhan Economic and Technological Development Zone and EFI Automotive shake hands at the signing ceremony of cooperation agreement, on Oct 18. [Photo/WeChat account of WHDZ]

Established in 1936 and based in Lyon, France, EFI Automotive plays a leading role in the global auto parts industry, specializing in designing power system sensors, sensor modules and actuators. The major customers of the company include Citroen, Peugeot, Volkswagen, Audi and Renault. 

EFI Automotive Wuhan plant was established in 2004 and currently employs more than 460 staff members. The plant's production and sales of speed and position sensors in engine gearbox rank first in the Chinese market.

To meet increasing demand in the Chinese market, EFI Automotive plans to increase its investment in China, and a delegation led by Patrick Thollin, president of EFI Automotive, visited WHDZ in March this year, to discuss about cooperation.

A WHDZ delegation also visited the headquarters of EFI Automotive in France in June this year, signing an intended cooperation worth 200 million yuan.

The new plant in WHDZ will mainly produce engine powertrain sensors, gearbox sensors, sensors for new energy vehicles, and car safety and comfort systems. 

Expected to increase 500 jobs, the R & D center will be engaged in providing customers with safe, environmentally friendly and efficient engine sensors, as well as new technologies and solutions for new energy vehicles.

WHDZ is currently building a world-famous hub of automobile industry, and is in a key period of industrial upgrading, working to attract global innovation and entrepreneurship projects and professionals.

22.jpg

A file photo shows Patrick Thollin, president of EFI Automotive, attending the meeting at Wuhan Economic and Technological Development Zone, on March 23, 2018. [Photo/WeChat account of WHDZ]

33.jpg

A staff member is pictured at EFI Automotive Wuhan plant. [Photo/Changjiang Daily]