The total investment of the project is US$ 25 million, whose main product is autobody covering parts for the driving cab of heavy trucks manufactured by Baotou Northern Benz Heavy Truck Co., Ltd Penglai Branch. The construction area will be 5,600 m² and the equipment includes one roll-opening line and 2 punching lines. The annual output will be 15,000 auto-bodies after its completion with the sales income of US$ 25 million. Cooperative Mode: JV, Cooperation. The payback period is 4 years.

Penglai Xinghua Industry Co., Ltd. covers an area of 330,000 m² with the construction area of main structure of 160, 000 m². The fixed assets are US$ 25 million and there are 800 employees among whom 26 are technical personnel. It owns 151 sets of various equipment and the main products include: semi trailer, self-loading truck, van vehicle, concrete mixer and parts of Liberation, East Wind and Style series with the annual production capacity of 1,200 trucks. Besides it also manufacture weight trays for digger for the Yantai Daewoo. Now the company has signed cooperative agreement with the CNHTC. Because of its enormous size, the auto-body stamping part is not suitable for long-distance transportation. It is feasible to set up supporting enterprises beside the automobile manufacturer like Northern Benz and relying on the solid industrial foundation, perfect investment environment and excellent location there will be broad market space for the project.