Svoboda Components in Kunshan, Germany Commenced Production in 2012

On December 5, 2011, Svoboda Automotive Electronics (Kunshan) Co., Ltd., which was founded in 1947 by the German Svoboda Company, started operations. This is another well-known auto parts company that was introduced in the Kunshan Development Zone. Svoboda Automotive Electronics (Kunshan) Co., Ltd. has a total investment of 20.64 million US dollars and registered foreign capital of 8.256 million US dollars. It is mainly engaged in the manufacture and R&D of automotive electronic devices, including the development of related products such as engine and chassis electronic control systems and key parts and components. Manufacture and sell self-produced products. The first phase of the project is scheduled to be put into production in 2012. It is expected that the turnover in 2014 will be 130 million yuan, and in 2016 it will reach 211 million yuan.

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