Car logistics giants get together in Wuhan Development Zone

According to news from the management committee of the Wuhan Economic Development Zone, under the attraction of the strong magnetic field of the Wuhan automobile industry, the international logistics giants are pouring into the Wuhan Development Zone to invest in the automobile logistics industry. The Wuhan automobile industry chain is gradually improving.

At the end of April this year, Japan’s largest logistics company, Japan Express Co., Ltd., a wholly-owned subsidiary of Japan Express, invested 2 million U.S. dollars in Wuhan and established Japan-based Commerical (Wuhan) Storage Co., Ltd. for Nissan, Honda, etc. The depot provides warehousing, handling, packaging and automotive logistics consulting services. President of Nippon Express China stated that it will focus on the Wuhan Automotive Logistics Project to expand its logistics business in China.

In fact, there have been 4 first-timers. In February of this year, one of the world’s top 500 companies, Itochu Corporation of Japan, cooperated with China Railway Modern Logistics Technology Co., Ltd. and Aitong International Logistics Co., Ltd. to invest 15 million yuan in Wuhan to establish Wuhan China Railway Yitong Logistics Co., Ltd.; 3 In January, Japan’s Honda Corporation registered two logistics companies – Wuhan Dongben Storage & Transportation Co., Ltd. and Honda Logistics (Wuhan) Storage Co., Ltd., with a total investment of RMB 18.92 million.

In early June, the Sumitomo Warehouse of Japan’s Sumitomo Group, the company’s Wanteke Co., Ltd. and Beijing Datong Co., Ltd. jointly invested US$2.1 million to build a logistics warehouse with a throughput of 440,000 cubic meters in the Wuhan Economic Development Zone. The company will lease 10,000 square meters of warehouses and parking lots in the development zone in advance. It is expected that the cargo throughput will reach 140,000 cubic meters in 2005, and will increase to 440,000 cubic meters by 2010, providing Dongfeng Nissan vehicles with domestic services in China. Parts procurement and transportation services. At this point, three Fortune 500 logistics companies have settled in the development zone.

As of May 10 this year, the development zone has attracted a total of 11 automotive logistics companies to settle in, with a total investment of 770.02 million yuan.

The attraction of the giants to the development zone is the prosperity of the Wuhan automobile industry. Last year, Dongfeng headquarters moved to Wuhan and gathered with the three major auto giants of France PSA, Nissan of Japan and Honda of Japan in Wuhan. In this way, the Sino-foreign joint ventures Shenlong, Dongfeng, and Dongfeng Honda constitute the rare “Wuhan cluster” in the Chinese automobile market, which has attracted a large number of companies that are attracted to come to invest. Auto parts supporting companies also Have come to "come together." From January to May this year, Wuhan Economic Development Zone approved 19 new automobiles and related projects, with a total investment of 1.338 billion yuan. It is estimated that by 2007, the total vehicle production capacity of the Wuhan Development Zone will reach an annual output of 600,000 vehicles, and the total industrial output value will reach 84.2 billion yuan.

Wuhan has the convenient conditions for “all nine provinces pass through”. As Beijing-Zhuhai and Shanghai-Chengdu “Golden Cross” meet in the Wuhan Development Zone, its location advantage is further highlighted, providing an opportunity for the development of the logistics industry. The arrival of a large number of auto OEMs and parts and components companies provides a solid industrial foundation for the logistics industry. The gradual maturity of the market conditions in the logistics industry has led to a surge of logistics companies in the Wuhan Economic Development Zone.

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