Group 1 - The core announcement is that Anhui Longi Magnetic Technology Co., Ltd. plans to invest approximately 210 million yuan in the second phase of its project in Vietnam, which includes the production of 25,000 tons of permanent magnetic ferrite pre-burned materials and 10,000 tons of high-performance permanent magnetic ferrite wet-pressed magnetic tiles annually [1][2] - The investment aims to enhance the company's capacity layout to meet future business development and market expansion needs, which is deemed significant for the company's long-term stable growth [1] - The rapid development of the new energy vehicle market is expected to drive the demand for automotive motors, thereby increasing the market demand for permanent magnetic ferrite, which is a core component of automotive motors [1] Group 2 - The second phase project is part of Longi Magnetic's major planning actions for the next three years, with the goal of achieving an annual production capacity of 60,000 tons of permanent magnets [2] - The project will localize the supply of raw materials, effectively reducing transportation costs and shortening supply cycles, while enhancing the company's control over raw material quality [2] - Longi Magnetic has production bases in Thailand and other locations, which facilitates resource sharing and collaborative development across different business segments [3]
深化海外布局 龙磁科技拟2.1亿元建设永磁项目
