Recently, located in Yantai Fushan Hi-Tech Industrial Park, Shanghai, ZF Steering Systems (Yantai) Co., Ltd. officially put into operation.

     The total investment of 500 million yuan, from the German ZF Group, Bosch Group and SAIC, the three joint venture to build the world's top 500 enterprises, mainly producing electric steering column, as the company Shanghai GM Dong Yue in Yantai and Beijing, Tianjin, Qingdao, Hebei and other places of the car manufacturers support. Completion of the project put into operation, can produce various types of car steering 120 million, revenue of 10 billion yuan, profits and taxes 100 million yuan or more.