On October 31, Zhenyu Technology made a public announcement, revealing that it had inked a Strategic Cooperation Agreement with the Ninghai County Investment Promotion Center. The company has earmarked a staggering 2.11 billion yuan to be invested in Ninghai County between 2025 and 2030. This substantial investment will fuel the construction of projects centered around the manufacturing equipment of precision components, process equipment, precision structural parts, and precision modules and components specifically designed for humanoid robots. The project is set to unfold in three distinct phases, with the investment agreement for the inaugural phase slated to be signed concurrently in the foreseeable future.
