Soar

Introduction to Soar Special Automobile Project

With a total investment of RMB 50 million, the project covers an area of about 60 mu (40,000 m²), which is located in the west of Wuliu Avenue and south of Yongding River in the China-SCO Local Economic and Trade Cooperation Demonstration Area. It is invested and built by Qingdao Soar Automobile Co., Ltd., with main business of automobile modification. It mainly provides automobile modification services of special vehicles, such as overhead working vehicle and recovery vehicle, for State Grid Corporation of China, China Southern Power Grid Company Limited, local power grid and power supply companies.

At present, the project has been completed, with an annual output value of RMB 48.6 million, a tax payment of RMB 2 million and a profit of RMB 650,000 in 2019. The project is still paying taxes for the original company (Ligezhuang Town). It is estimated to reach the annual output value of RMB 70 million, the tax payment of RMB 2.6 million, and the profit of RMB 1 million in 2020.