Industry Actuality:
        There are 58 wide scope transportation equipment companies. The total asset is RMB 10.8 billion. The number of staff members is 35000. In 2002, the annual selling income is RMB13.76 billion. Transportation equipment industry mainly has two kinds: ship, automobile
spare parts. Products of ship building and repairing large and middle models wide use container ship, small model oil tanker, luxurious yacht, mixed ship and so on. Products of automobile and spare parts manufacturing: light model cross-country vehicle, functions of sports vehicle, transport vehicle, electronic vehicle, tyre, bent bearing, connecting rod, wheel hub and moving ring of plug etc. Among them, the scope and benefit of Triangle Group and Chengshan Group listed the first of the same industry in China.

        Developing Emphasis:
        Ship Manufacturing should sufficiently take the advantages of abundant coastline resources and so many natural bays, use the rich resources, import Japanese company and Korean company, actively expand joint venture and cooperation, put emphasis on developing container ship, deep-sea fishing ship and manufacturing ship etc. Some key companies like Weihai Ship Factory and Huanghai Ship Factory should quicken to move and rebuild and expand scope. The emphasis will be put on constructing the three shipbuilding bases like Malan Bay, Lidao Bay, Gulong Mouth. Automobile and spare parts manufacturing should widely develop all kinds of international cooperation, especially should strengthen the cooperation with transnational automobile group, actively import technology and equipment, enhance the whole automobile’s producing scope and spare parts’ fitting capacity. The whole automobile’s producing should strengthen the cooperation with foreign automobile’s producing companies. develop functions of sports vehicle, city Jeep, transportation vehicle, electric vehicle. The automobile spare parts manufacturing should sufficiently use the avail conditions that weihai lies in the East- north Asian Economic circle, enclose the whole automobile’s fittings, cultivate some spare parts industrial group such as tyre, bent bearing, connecting rod, wheel hub, moving ring of plug, automobile’s glass and so on, and construct the producing base of automobile’s spare part.

        Developing Goal:
        By 2005, the selling income of transportation equipment manufacturing will reach RMB 26 billion. By 2010, the selling income will reach RMB 120 billion. The annual producing capacity can reach: 300 thousand automobiles, 30 million sets of tyres, 2 million branches of bent bearing, 10 million branches of connecting rods, 3 million branches of wheel hubs. Shipbuilding Capability can reach 2 million tons.