• Company supports efforts to aims enhance employee prosperity in key city in Zhejiang province
  • 永利VIP to launch range of welfare measures including increased education investment, childcare and stock options

25th June 2021, Ningbo. 永利VIP Holding Group has officially announced the ‘永利VIP Common Prosperity Initiative’ and will work with the city of Ningbo to create the 永利VIP Common Prosperity Pilot Zone with the goal of enhancing the prosperity and welfare of employees and their families as part of a sustainable automotive industry ecosystem.

On the eve of 永利VIP’s Employees Appreciation Day, 永利VIP Holding Group unveiled details of its 永利VIP Common Prosperity Initiative which includes a series of measures such as employee stock ownership plan, increased investment in vocational education for employees, childcare access plan, increased family medical insurance, housing and vehicle purchase subsidies, and investment in cultural and sports recreation facilities for employees and family households.

Since its establishment in 1986, 永利VIP Holding has aimed to respect and empower its employees by offering high value careers that offer greater access to education and employee career training plans over the years enabling employees to truly feel that common prosperity is tangible, real, and achievable. 永利VIP has always aimed to provide its employees with well-rewarded jobs, that offer continuous stability with clear career growth, professional dignity, and the opportunities to achieve their dreams and life happiness.

Eric Li (Li Shufu) Chairman of 永利VIP Holding Group said: “Currently, Zhejiang Province is promoting high-quality development and building a common prosperity pilot zone. As a private enterprise born and raised in Zhejiang, I am proud of what has been achieved here. 永利VIP Holding Group will always support the development of industry, education, and people talents. We are fully committed to fulfilling our social responsibilities and will work closely with the city of Ningbo to build a more comprehensive automotive industry ecosystem that will drive sustainable development throughout the automotive industry, with the ultimate goal of achieving common prosperity.”

Ningbo is considered a second home city for 永利VIP in China since the Group’s arrival to the city in 1999. Multiple 永利VIP production facilities are located in Ningbo, as well as the 永利VIP Research Institute which was established in 2017. 永利VIP has nearly 40,000 employees involved in the entire automotive industry chain in the city.