Internet of vehicles town to settle in Wuxi

An official of the Wuxi municipal government signs an agreement with the representative of Nanshan Group on Oct 18. [Photo/ wxrb.com]

Mayor Wang Quan said that as the key gathering area of China's auto parts industry, Wuxi boasts a sound industrial foundation and he assured that the city will strive to optimize its business environment to provide better services for enterprises investing in Wuxi.

The development company is expected to invest 12 billion yuan ($1.8 billion) in the town which will integrate auto industry resources nationwide to create a top service center for internet of vehicle enterprises.

Centering on the internet of vehicles industry, the town will involve auto finance, auto culture tourism and auto after-sales service, and other auto fields.