Dongying Baofeng Auto Parts Co., Ltd., established in January 2011, is mainly engaged in the production and sales of auto parts such as disc drum brake assembly, brake caliper, brake pad, etc. With a total investment of 1.2 billion yuan, the company has an annual output of 5 million automobile brake assemblies. Its products are mainly sold to North America and Western Europe, and its domestic market is also under development. After the completion of the project, the annual production capacity of 3 million disc brake assemblies and 2 million drum brake assemblies will be achieved. The annual sales revenue will be 2.2 billion yuan, the profit and tax will be paid 600 million yuan, the foreign exchange will be 140 million dollars, and 1500 jobs will be provided.
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