Recently, General Stock's 1.9 billion yuan tyre plant project was approved by the Development Council of Cambodia. On January 27, a groundbreaking ceremony was held for the project at the Sihanoukville Port Special Economic Zone in Cambodia. The plant is planned to cover a total area of 180,000 square meters, including a rubber mixing workshop, tire production workshop, refrigeration station and other workshops, with a total construction area of more than 200,000 square meters. The project is expected to have an annual capacity of 5 million semi-steel radial tires and 900,000 all-steel radial tires, creating 1,600 local jobs.

The tires project for the Sihanoukville Port Special Economic Zone in Cambodia by General Science  Technology Cooperation will include 5 million high-performance semi-steel radial tires and 900,000 all-steel radial tires. This investment in the production of the tire brand is mainly "Qian Lima," which is the company's flagship high-end tire brand. After production, Chollima tires will be sold to the United States, Brazil, Southeast Asia and other countries and regions for commercial vehicles and family cars supporting the use.

Cambodia's Sihanoukville Special Economic Zone is the only state-level economic and trade cooperation zone between China and Cambodia that has signed a bilateral governmental agreement. It has brought a tangible sense of fulfillment and happiness to its employees and the people around it. So far, 170 enterprises (institutions) from China, Europe, the United States, Southeast Asia and other countries and regions have achieved win-win development here, creating nearly 30,000 jobs. The industrial output value contributes more than 50% to the economy of Sihanoukian Province.

On January 11, the GM Cambodian project, with an investment of US $300 million, successfully passed the overseas investment record of the Jiangsu Provincial Department of Commerce. Thus, this project becomes the first project of Wuxi to invest in RCEP member countries after RCEP comes into effect, and it is also the first project of Jiangsu Province to invest more than $100 million in RCEP member countries after RCEP comes into effect.