Yangzhou Guoyu Electronics Co., Ltd. has recently initiated the construction of the 'Automotive Power (FRED) Chip Capacity Expansion Project (Phase I)' in Yangzhou. This ambitious project boasts a total investment of 1.1 billion yuan, with Phase I alone securing an investment of 580 million yuan. The development will encompass the construction of a state-of-the-art 37,000-square-meter factory, equipped with a production line capable of churning out 480,000 power chips annually. Anticipated to commence operations in August 2026, this initiative underscores Yangzhou Guoyu's commitment to expanding its automotive power chip capabilities.