Xusheng shares announced that the company intends to sign the “Project Investment Agreement” with the Zhejiang Nanxun Economic Development Zone Management Committee to invest in the construction of automotive molds and core parts research and development, manufacturing, production, and processing projects in the Nanxun Economic Development Zone. The total project investment is RMB 2.5 billion yuan, of which the fixed asset investment is 2.168 billion yuan, which will be constructed in two phases. In order to ensure the implementation of this project, the company plans to establish a wholly-owned subsidiary Xusheng Automotive Precision Technology (Huzhou) Co., Ltd. as the main body of project implementation.
It is reported that under the background of global green and low-carbon transition and “carbon neutrality”, automobile lightweight has become the unanimous goal of the global automobile industry, in order to further consolidate the company’s market leader in the field of automobile lightweight and new energy automobile aluminum alloy parts Position, break through the bottleneck of production capacity. It is conducive to further enhancing the company’s business scale in the automotive lightweight field, strengthening market competitiveness, and improving industry status.