Fangcheng County Shengli Electric Vehicle Special Bearing and Electric Bicycle Production and Sales Integration Project is located at No. 1, North of the intersection of Jianghuai Avenue and Xihu Road, Shizhi Street, Fangcheng County, Nanyang City, Henan Province. The project is a key project of Fangcheng County in 2024, with a total investment of 210 million yuan and an annual planned investment of 65 million yuan. It is planned to build a standardized production workshop and supporting facilities of about 25,000 square meters, and build an annual production line of 50 million sets of electric vehicle special bearings and electric bicycles. So far, the project has completed an investment of 51.93 million yuan, accounting for 80% of the annual plan.

This project is an investment project of Shizhi Subdistrict Office of Fangcheng County. Since the project was settled, Shizhi Subdistrict Office has attached great importance to it and set up a special team to promote the project, creating a good construction environment and ensuring the water, electricity, environment and funds for the project, which has promoted the rapid construction of the project. After the project is completed, it can produce 50 million sets of electric vehicle bearings and electric bicycles annually, and provide employment for more than 110 people.