Anting Town Government and ZF Group Sign Cooperation Agreement to Promote the Development of Jiading Automobile Industry

The Shanghai Anting Economic Development Center, an economic city under the Anting Town Government, signed a new cooperation agreement with ZF Automotive Technology (Shanghai) Co., Ltd., a subsidiary of the German ZF Group. ZF plans to further increase investment and expand production in the Anting area of ​​Jiading, Shanghai, and start the second phase of the electronic power steering system (EPS) expansion project. The total investment of the project has reached 135 million yuan, and construction is expected to start early next year. After completion, it is expected to increase the annual output value by 460 million yuan.