Continental Tire Project is expected to start at the end of September

    The reporter learned from the Hefei Investment Promotion Bureau that as of the end of August, Hefei had already invested 81.2 billion yuan in attracting investment this year. The mainland tire project is expected to start construction by the end of September.

    According to reports, from January to August, investment in Hefei continued to increase. According to the latest statistics, the total amount has reached 82.379 billion yuan (calculated at the exchange rate of US dollar and RMB of 1:6.82, the same below), which has increased by more than 43% year-on-year. Among them, the total investment in August was 11.682 billion yuan. It is reported that in August, 15 newly-acquired domestically-funded projects with a total value of more than 100 million yuan and 1.173 billion yuan were actually funded. In August, two new foreign-funded enterprises with a total value of more than US$ 10 million were approved by the world's top 500 companies. Investment in Continental Horse Brand Tire (Anhui) Co., Ltd. and Hefei Shengfeng Real Estate Co., Ltd. invested in Hong Kong.

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