Asia-Pacific Technology issued an announcement that on December 10, the company and the Wuxi National High-tech Industrial Development Zone Management Committee planned to sign an “Investment Agreement” on the company’s further implementation of strategic development in Wuxi High-tech Zone. To the south of Hongxiang Road and to the east of Hongxiang Road) add land, plant and equipment, and invest in the construction of lightweight aluminum parts projects for new energy vehicles. The total investment of the project is 580 million yuan. The company uses its own funds or self-raised funds to invest. On the same day, both parties completed the signing of the above-mentioned “Investment Agreement”.
The total construction period of this project is 5 years. The project plans to add CNC machining centers, high-precision CNC lathes, automated production lines and other equipment. It is expected to form an annual output of about 2 million sets of high-strength aluminum system components for new energy vehicles The scale of design, development and manufacturing mainly includes an annual output of 1.5 million sets of body system components (including 500,000 sets of anti-collision system components, 500,000 sets of sill beam system components, and 500,000 sets of lower body profile components), and three electric system components 50 Product capacity of 10,000 sets (including 1 set each of battery shell components, battery thermal management components, and motor shells), and 50,000 sets of hydrogen energy battery shells.
After the project is fully put into production, it is expected to form an annual production capacity of about 2 million sets of high-strength aluminum system components for new energy vehicles, with an additional annual sales income of 997 million yuan (excluding tax and excluding aluminum extrusions). The newly added profit was 136 million yuan. The investment and construction of this project is in line with the company’s strategic plan in the field of new energy vehicles, and will effectively extend the company’s industrial chain, increase the company’s profitability, and enhance the company’s service capabilities and comprehensive competitiveness.