Output of NETDA-based company increases 47% in Jan-Nov

A worker makes car seat covers at Yanfeng International Seating Systems (Nantong) Co Ltd in the Nantong Economic and Technological Development Area, East China's Jiangsu province. [Photo provided to NETDA]

The output value of Yanfeng International Seating Systems (Nantong) Co Ltd, which is located in the comprehensive bonded zone in the Nantong Economic and Technological Development Area (NETDA), East China's Jiangsu province hit 734.25 million yuan ($105.48 million), a year-on-year increase of 47 percent, from January to November, official statistics show. 

One of the key reasons behind the growth is the implementation of a series of measures rolled out by the authorities in NETDA, including explaining favorable policies to enterprises and releasing special policies to help enterprises in the zone weather challenges brought about by the COVID-19 pandemic. 

To date, more than 20 companies have benefitted from the policies.

Founded in 2007, Yanfeng Seating is an industry-leading enterprise which provides services to global major automobile manufacturers such as Shanghai Automotive, Tesla, Landrover, Mazda and Nissan.

Workers produce car seat covers at Yanfeng International Seating Systems (Nantong) Co Ltd in the Nantong Economic and Technological Development Area, East China's Jiangsu province. [Photo provided to NETDA]