Shanghai Natiefo Driveshaft Co., Ltd. will invest RMB 500 million in Changchun to build a production base for transmission shafts. The project will strive to start construction during the year. Upon completion, it will become the largest production base of similar projects in the three provinces of Northeast China.
The production base will be mainly used for supporting passenger vehicles such as cars and vans. It is understood that Shanghai Natiek Driveshaft Co., Ltd. is one of the earliest Sino-foreign joint ventures established in the domestic auto parts manufacturing industry. The main investor is the GKN German company and the Shanghai Automotive Industry (Group) Corporation, which are famous for producing automobile transmission shafts. Currently, it is the main supporting supplier of transmission shafts for more than 30 auto companies including Shanghai Volkswagen, Shanghai General Motors, FAW-Volkswagen, Wuhan Shenlong, BMW Brilliance, Beijing Jeep, Dongfeng Honda, Hainan Mazda, and Jinbei Coach.
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