Zongshen Industrial Group to be upgraded

Zuo Zongshen, chairman of Zongshen Group, said on November 18 that the Group is working hard for reaching 50 billion yuan in sales revenue at the end of the “12th Five-year Plan” and becoming a club of 1 trillion yuan by the end of the “13th Five-year Plan” via an overall transformation and upgrading.

Zongshen Group will focus on five sectors including raw material of mineral energy, high-end equipment manufacture, vehicles of automobile, motorcycle and farm machinery, LED industry and financial industry combined from industry and finance.

The Group now is discussing with several European and American enterprises, planning to step into the promising general aviation industry in China by means of joint venture cooperation.

Co-built by Zuo Zongshen and his family members in 1982, Zongshen Group has become a large enterprise group as well as one of the representative enterprises of motorcycle industry in China with 13,000 employers, 3 overseas plants and 2 public companies.

Kuang Zhou