Investment Overview - The company plans to invest approximately 5 billion RMB to establish a new energy vehicle (NEV) parts industrial base and research center in Wujin National High-tech Industrial Development Zone, Changzhou [2][3][10] - The project will focus on the industrialization of key products such as electric motor systems, chassis components, and thermal management components [2][3][10] Project Details - The planned land area for the project is about 270 acres, with the investment to be executed in phases based on market demand and project progress [3][10] - The project has been approved by the company's board of directors and does not require shareholder approval [4][6] Market Positioning and Feasibility - The investment aims to enhance the company's production capacity and establish a unified R&D center to meet the growing demand in the NEV sector [10][11] - The location in Changzhou is strategic due to the concentration of NEV manufacturers, which will help reduce logistics costs and improve customer service [11][12] Impact on Business - This investment is a key strategic move to strengthen the company's position in the NEV parts market and improve its R&D capabilities [13] - The project is expected to have a positive long-term impact on the company's business layout and operational performance [13][14] Financial Implications - The project is in its early stages and is not expected to significantly impact the company's financial status or operating results in the short term [14] - Funding will come from self-owned funds, bank loans, and other sources, with investments made in phases as the project progresses [14]

Core Viewpoint - Longsheng Technology aims to enhance its market share in the electric vehicle sector by investing in a new lightweight component production base in Chongqing, with a total investment of approximately 200 million yuan [2] Group 1: Company Strategy - Longsheng Technology announced plans to accelerate the modularization and lightweight development of its semi-finished products [2] - The company intends to optimize its production capacity layout to better match customer demands [2] - Longsheng Technology will integrate resources and seize market opportunities to expand its coverage in key markets for electric vehicles [2] Group 2: Project Details - Chongqing Longsheng Maomao New Energy Technology Co., Ltd., a subsidiary of Longsheng Technology, plans to sign a cooperation agreement with Chongqing Sharing Industrial Investment Co., Ltd. [2] - The project involves the establishment of a lightweight component production base for electric vehicles in the Shapingba District of Chongqing [2] - The production base will focus on manufacturing electric vehicle drive components, thermal management systems, and lightweight parts [2]

Core Viewpoint - Longsheng Technology announced a collaboration with Chongqing Shared Industrial Investment Co., Ltd. to establish a lightweight component production base for new energy vehicles in Chongqing, with a total investment of approximately 200 million yuan [1] Group 1 - The project will focus on the production and manufacturing of drive components, thermal management, and lightweight parts for new energy vehicles [1] - An independent legal entity will be established to implement the project [1]