WEDZ boosts auto consumption

The Wuhan Economic & Technological Development Zone (WEDZ) has implemented comprehensive policies to boost auto consumption and expand its footprint in Chinese and international markets. 

Key initiatives include the launch of the automotive consumption renewal season, the inauguration of the China Auto Valley Brand Operations Center, and the introduction of a substantial subsidy program by Dongfeng Motor Corporation in March. 

The subsidy program offers a "one-stop" service for car loans, trade-ins, and resource recovery, all geared toward maximizing auto consumption potential. 

Significant sales growth has been observed across Dongfeng Zhuolian Automobile Service Co brands, with a remarkable 43 percent month-on-month increase and an impressive 112 percent year-on-year surge in sales. 

WEDZ is actively facilitating the international expansion endeavors of enterprises within its purview. The establishment of the WEDZ branch of the China (Hubei) Pilot Free Trade Zone in March underscores the zone's commitment to fostering innovation and development in new energy and intelligent connected vehicles and components. 

Voyah, an upscale new energy vehicle brand under Dongfeng Motor, has made significant advancements in markets across Norway, Israel, Finland, Denmark, and other countries.

Noteworthy international trade achievements include the export of 36,000 vehicles by six vehicle enterprises within the zone from January to July, an impressive 114.1 percent year-on-year growth.