Launch Group inaugurates East China headquarters in WND

The inauguration ceremony of Launch Group's East China headquarters is held in WND. [Photo/WeChat account: xinwu_wx]

Launch Group celebrated the opening of its East China headquarters in Wuxi New District on Aug 9.

Established in 2000, Launch Group is one of China's first independent automotive research and development institutions, providing turnkey services across the entire automotive industrial chain. The company has collaborated with numerous well-known Chinese and international automotive brands, including BYD, Foton Daimler, XPeng, Great Wall Motors, and Dongfeng Motor. It has also partnered with the Vietnamese government to establish new energy vehicle brand VinFast.

The East China headquarters of Launch Group in WND. [Photo/WeChat account: xinwu_wx]

The newly-inaugurated East China headquarters represents a total investment of 200 million yuan ($27.89 million) and is the largest automotive design center in China. The center also plans to expand into new areas such as vehicle modification in the future.

Wang Xun, chairman of the group, praised the excellent business environment in WND, noting that it has provided strong support for Launch's growth. He emphasized the company's commitment to increasing R&D investment and driving technological innovation and industrial upgrading.

In 2023, WND's automotive parts industry exceeded 100 billion yuan in output, largely thanks to prominent companies such as Bosch, Cummins, Faurecia, and Bridgestone. The district has developed a comprehensive industrial chain, including engines and components, automotive electronics, interior and exterior parts, and chassis systems.