On December 30, 2010, the Wuxi New District and the Dana Corporation of the United States jointly signed an investment memorandum. Xu Gang, member of the Standing Committee of the Wuxi Municipal CPC Committee and Secretary of the Party Working Committee of the New District, and Archie, President of Asia-Pacific Region of Dana Corporation attended the signing ceremony.
Dana Corporation is the world's top ten professional auto parts supplier. In 2002, the company established the Dana (Wuxi) Technology Co., Ltd. in the New District, mainly introducing non-highway systems such as agricultural vehicle axles, mowers, and high-performance radiators for automobiles. This time, Dana Corporation added another registered capital of 30 million US dollars to invest in the "technology center and manufacturing base" two major projects. It is understood that after the completion of the technology center at the end of 2011, 200 R&D engineers will be added, making it the second largest technology center after the Dana headquarters R&D center.
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