Manetti invested 240 million yuan to set up a car lighting company in Foshan Danzao

In order to support the FAW-Volkswagen Foshan plant, the Magneti Marelli Group, a member of the world's top 500 Italian Fiat Auto Group, has signed a contract to enter Danzao, Nanhai, Foshan, and established Marelli Automotive Lighting Systems (Foshan) Co., Ltd.

It is reported that the company is wholly-owned by the Italian Magneti-Marelli Group, with a total investment of 30.24 million euros (about 240 million yuan). It will mainly design, assemble, manufacture and sell high-end lights. It is scheduled to start production in October 2012. The company will also make additional investments in the later period, and it is expected to become the largest foreign investment project in Danzao Town.

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