On October 27, the reporter understands from wolong electric, the company plans to in the economic development zone, new requisition of land of 155 mu, for new energy automobile motor and its control system, the industrialization of production projects with a total investment of 740 million yuan.

      At the wolong electric as early as the beginning of 2011, put forward the transformation and upgrading of industrial structure adjustment, and established the "electric vehicle powertrain system" emerging industry projects, and successful sales day in the hybrid seven sets of ISG motor, realized the motor vehicle sales "zero breakthrough". In 2013, the permanent magnet synchronous motor and controller of riding vehicles with independent development and get customer recognition, for subsequent industrialization of electric vehicle powertrain development laid the foundation technology and market. In 2014, passed TS16949 system (international automotive quality system standard) review and establish cooperative relations with the gac and other famous brands. In 2015, set up joint venture with Shanghai grand county wolong big county, in order to realize industrialization production and sale of motor vehicle products. Since this year, the company on sales and profits of new energy automobile motor but also present a rapid growth.

      To seize important opportunity for the development of new energy vehicles industry, consolidate and develop the wolong in new energy automotive industry as a whole market competition ability and influence, to promote the rapid development of new energy automotive business, realize the new strategic layout, wolong timely launch of new energy automobile and motor control system technical renovation project, is expected to achieve project reaches producing annual capacity of 100000 sets of motor and its control system, the sales revenue of 1.5 billion yuan.

      "This project investment will promote quickly on the new energy automobile assembly manufacturing company's core competitiveness, realize optimization of product structure, improve business scale and competitive power, is advantageous to the company's market development and enhance the status of trade and lay a good foundation for the company's long-term development." The relevant person in charge of the wolong electric said.