鑫源智造：鑫源农机拟投资约5000万元设立越南子公司

Core Viewpoint - The company XinYuan Intelligent Manufacturing announced the establishment of a new subsidiary in Vietnam to build a production base for agricultural machinery, aiming to enhance its overseas business scale and address industry competition [1] Investment Details - The total investment for the first phase is approximately 6.9444 million USD (around 50 million RMB), which will be used for factory renovation, equipment procurement, and working capital [1] - The project is expected to be completed and start production by early 2026 [1] Strategic Objectives - The investment aims to quickly establish production capabilities for the agricultural machinery series and expand channels to major customers [1] - This move is intended to lay a foundation for the company's overseas business scale [1]