Zhong Zheng Wang·2025-09-27 09:12Core Viewpoint - Company plans to invest approximately 5 billion RMB to establish a new energy vehicle (NEV) parts industrial base and R&D center in Changzhou, aiming to enhance production capacity and efficiency in response to growing market demand for NEV components [1][2][3] Investment Details - The total investment for the project is estimated at around 5 billion RMB, with a planned land area of approximately 270 acres [1] - The investment will be implemented in phases, contingent on internal and external operating conditions, and requires various governmental approvals [1][2] Strategic Rationale - The investment aligns with the global trend towards new energy and intelligent vehicles, allowing the company to increase R&D efforts and meet rising customer demand [2] - The project will focus on developing and producing key components such as electric motor systems, chassis components, and thermal management parts [2] Market Positioning - The decision to locate the project in Changzhou is strategic, as the region hosts several NEV manufacturers and is a hub for auto parts production, which will help reduce logistics costs and improve service capabilities [2] - The project is supported by existing orders and ongoing negotiations with multiple clients, indicating strong market demand [2] Business Impact - This investment is a critical strategic move for the company to capitalize on the automotive industry's transformation and strengthen its position in the NEV parts sector [3] - The project is expected to enhance the company's R&D capabilities and manufacturing standards, thereby solidifying its market position and fostering innovation [3]