Hubei Cheqiao Axle Company has recently begun commissioning its new axle testing system, marking a significant step forward in quality control and technological advancement. According to technicians, this advanced equipment allows real-time computer monitoring of axle speed, ensuring that the final product exceeds industry standards in performance and reliability.
Over the past few years, Hubei Cheqiao has actively partnered with institutions like Wuhan University of Technology to develop nearly 30 high-level technological projects aligned with international standards. The company has also invested heavily in state-of-the-art machinery, solidifying its position as a key supplier for major bus manufacturers such as Foton, Dongfeng, and Jinlong.
As the axle industry in Hubei continues to evolve, a growing number of local auto parts companies have emerged to support the supply chain. Recognizing the potential, Public Security County has taken proactive steps to nurture and expand this industrial cluster.
To maximize the benefits of the cluster, the county has focused its investment strategies on core production lines, reducing procurement distances and lowering operational costs. Financial institutions have also increased credit facilities for the axle industry by over 30%, while companies are boosting R&D spending, allocating more than 3% of their sales revenue to innovation. These efforts have helped extend the industrial chain and strengthen the local automotive sector.
In the first half of this year alone, Hubei Cheqiao launched 117 new products, capturing 16% of the national market share. Last year, the total output value of axles in Hubei reached 413 million yuan, driving an additional 400 million yuan in related production and sales.
Today, the county is home to 43 auto parts enterprises, employing over 4,300 people. This growth highlights the strong momentum and promising future of the local axle industry.
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