Hefei High-Tech Zone and Xincheng Auto Industry Co., Ltd. have inked an agreement to officially establish a manufacturing hub for automotive body structural components, encompassing production, research and development, and industrialization. This project, with a total investment of 550 million yuan, will span across 55 acres of land. Upon reaching full operational capacity, it is anticipated to generate an annual output value exceeding 500 million yuan and create over 200 new employment opportunities.