On December 7, Zhejiang Wanan Technology Co., Ltd. (“Wanan Technology”) issued an announcement that the total amount of funds raised by the non-public offering of shares will not exceed 388 million yuan, which will be used to invest in an additional annual output of 300,000 air disc brakes Project, the newly added annual output of 200,000 sets of aluminum alloy lightweight projects for automobile chassis, etc.
Among them, the aluminum alloy lightweight project for automobile chassis is implemented by Anhui Wanan Auto Parts Co., Ltd. The project site is located in Changfeng County, Hefei City, Anhui Province. It plans to build a new plant of 15,775 square meters and purchase a centralized low-pressure casting production line and surrounding low-pressure casting equipment. Advanced equipment such as automation and post-cleaning lines, mainly producing automotive aluminum alloy chassis subframes.
Wanan Technology is mainly engaged in the professional R&D, design, manufacturing and sales of auto parts. The business involves multiple series of products such as chassis modules, braking systems, steering systems, drive systems, clutch control systems, and aluminum alloy castings.
