On the evening of December 22, Tuopu Group issued an announcement stating that the company and the Shapingba District People’s Government of Chongqing have signed the “Project Cooperation Agreement on Tuopu New Energy Vehicle Lightweight Chassis System and Interior Soundproofing System Production Base”. The city’s Shapingba District invested 1.5 billion yuan to build production bases for various product lines of new energy vehicles in phases.
The announcement shows that the planned total land area under the project is about 500 mu, and the first phase of the project is about 180 mu. The layout of the new energy vehicle lightweight chassis system and interior sound insulation system production base. The second phase of the project plans to deploy automotive electronic systems and thermal management systems.
Tuopu Group stated that the capacity of the company’s existing business segments has been released quickly and has produced good benefits. However, with the accelerated increase in orders and the gradual landing of emerging projects, the company urgently needs to continuously expand its capacity reserves to meet the development needs of international and domestic businesses. . The company’s investment in the construction of a production base in Chongqing this time can improve response speed, increase customer stickiness, effectively reduce product production and transportation costs, provide better services to customers, and provide sufficient resources for the company’s future development.