Yichang Technology plans to invest 1.5 billion yuan to build a new energy industry base in Hefei

On the evening of the 27th, Yichang Technology announced that its subsidiary Hefei Yichang New Energy Technology Co., Ltd. intends to invest in the construction of Hefei Yichang New Energy Industry Base Construction Project in Changfeng County, Hefei, with a total investment of 1.5 billion yuan. The company said that the project is in line with the company's development strategy and has good economic and social benefits.

According to the company, the project includes new energy vehicle power lithium battery heat exchange, liquid cold plate components and management systems, new energy vehicle exterior assemblies and components, mobile energy storage power supply and other project research and development and production base. The project construction period is planned to be 18 months, and it is expected to achieve initial production in 2023. The company believes that the project focuses on the new energy industry and is in line with the company's development strategy and market demand. Hefei's new energy vehicle and automotive power battery industry is relatively concentrated, which meets the needs of project settlement.

At the end of October this year, the company said on the investor interaction platform that it is currently actively laying out new energy, expanding large-scale energy storage, portable energy storage products and related businesses, and striving to promote cooperation and negotiation with companies in the new energy industry. On November 16, the company announced that it intends to invest in the establishment of Hefei Yichang New Energy Technology Co., Ltd., with a registered capital of 198 million yuan, and its main business directions include new energy prime mover equipment manufacturing, new energy vehicle electrical accessories sales, new energy prime mover equipment sales, new energy technology research and development, metal products research and development, battery manufacturing, etc.