On October 18th, Jiangsu Leili Electric Co., Ltd. (“Jiangsu Leili”) issued an announcement that the company signed an investment agreement with the Lu’an Economic and Technological Development Zone Management Committee and planned to establish a holding subsidiary in the Lu’an Economic and Technological Development Zone. Invest 550 million yuan to build the “New Energy Automobile Core Parts Production Base” project.
It is understood that for this construction project, the company will set up a holding subsidiary—Anhui Kaisiting Technology Co., Ltd. (planned) as the main body of implementation of this project. The total area of the project is about 100 mu. The construction site is located in Lu’an Economic and Technological Development Zone. It includes the production of drive motors, electric scroll compressors, precision aluminum die-casting parts and stamping parts for new energy vehicles; new energy OBC controller assembly , Industrial automatic controller assembly and other products.
Jiangsu Leili said that the project is to use the company’s advantages in scientific research, production and market channels to build a new energy vehicle core parts production base on the basis of the existing auto parts business to expand the company’s business layout. Through further expansion and construction of new energy automobile production lines such as precision aluminum die-casting parts, stamping parts and drive motors, the company strengthens the company’s independent research and development, production and sales capabilities of new energy automobile core components, extends and improves the company’s industrial chain, and makes it bigger and bigger. Strong company in the new energy auto parts sector.
If the project is successfully implemented, it will have a positive impact on the company’s automotive business segment layout and promote the company’s long-term development. At the same time, the company can also enjoy the preferential policies for local investment promotion, which is conducive to improving the company’s future operating performance.
Jiangsu Leili Company is headquartered in Changzhou, China, and is mainly engaged in R&D, design and manufacturing of micro-motor products. The company has Changzhou Qianjia R&D center and Changzhou (Qianjia, Xinbei, Wujin), Anhui, Zhejiang, Vietnam, Zhongshan and other manufacturing bases. It has formed micro stepper motors, synchronous motors, DC brushed motors, and DC brushless A variety of motor products such as motors are the mainstay, supporting comprehensive business capabilities of related precision structure, drive control design and manufacturing solution solutions. The business of the group’s subsidiaries includes complete machine production and parts production.
The holding company of Leili Group-Taicang Kaisting Precision Die Casting Co., Ltd. (“Kasting”) focuses on the precision casting and processing of aluminum alloys, magnesium alloys, and zinc alloys. At present, Kaisting has the ability to integrate die-casting mold design and outsourcing manufacturing management, as well as the development and production of auto parts, and can provide customers at home and abroad with comprehensive solutions of high value-added products and services.