In the Laishan Economic Development Zone, the reporter saw a busy scene on the construction site on the north side of Shengquan Square, and a brand-new German-owned company “Yantai Seif Aike Vehicle Technology Co., Ltd.” is about to rise.

Mr. Kang Ming, Assistant Director of the Administrative Committee of Laishan Economic Development Zone, said:

Yantai SAF Aike Vehicle Technology Co., Ltd., with a total investment of US$15 million, was jointly established by the two giants of the European auto parts industry, Germany’s SAF and Germany AGCO. One of the investors, SAF, has 11 subsidiaries and 22 branches all over the world. Its products have 8 series and over 1000 varieties. The newly established company will produce and sell automobile brakes, drive axle assemblies and other related auto parts. It is expected that sales revenue will reach 200 million yuan in the next year.

The German company SAF has visited many places in Jiaodong, but eventually chose Leshan. "It is the mechanism of 'linkage services' that will eventually win us," said Li Chuanqiang, deputy head of Laishan District. According to reports, Laishan District has developed a "linkage service" mechanism centered on the development of automobiles and parts and components. Regardless of which automobile and parts and components projects are introduced by the unit, the entire region must be jointly promoted, and all elements of the region must be centralized and serviced.

At present, there are nearly 20 automotive and parts companies in the region, with a total investment of more than 1 billion yuan. The products involve more than 100 varieties. The products of a group of companies such as Yantai Jincheng, Yantai Jiuming, Hexing Industry, and Star Prop Industries are not only supplied to the domestic automobile manufacturers, but also exported to a large number of products, which have strong market competitiveness.

Among many companies, the growth of Japan's sole proprietorship, Xinghe Industry, is quite representative. The company has been stationed in Laishan for nine years, and has begun to produce automobile injection-molded parts. The benefits are good. Last year, it opened a second factory in Laishan to produce molds. The general manager of the company, Mokano Shounan, believes that the Yantai automotive industry environment and Laishan District's good facilities conditions have increased the confidence of Xinghe's industrial investment.

Laishan Economic Development Zone has achieved “seven connections and one leveling” within 15 square kilometers, which provides a good vehicle for the development of automobiles and parts and components enterprises. Laishan District Governor Liu Hongbo described this beautiful vision: “The APEC industrial base in the region will be built into an automobile and parts industrial base for Japan, South Korea and the United States, and become an important part of the city’s automobile and parts industry.”