Chongqing Yazaki Meter Co (CYM), a subsidiary of Yazaki Corporation, a Japanese Fortune 500 company, formally settled in Yufu Industrial Park on March 5, according to the administrative committee of Liangjiang New Area.

The relocation of CYM will expand production capacity, said a director at the company.

The auto meter and component manufacturer will continue to enhance its independent R&D ability and further expand production scale, seeking an annual growth rate of 50 percent.