On September 26, Zhongchuang Zhiling (601717.SH) made an announcement, stating its intention to invest around 5 billion yuan in the Changzhou Wujin National High-Tech Industrial Development Zone. This substantial investment is earmarked for the construction of an industrial base and R&D center dedicated to new energy vehicle components.
The project, set to unfold across a planned area of roughly 270 acres, will be carried out in stages. Its primary focus will be on the research, development, and production of essential components for new energy vehicles, including motor system parts, chassis components, and thermal management elements. The overarching goal is to bolster the company's strategic positioning and leverage scale advantages within the realm of core components for new energy vehicles. Nevertheless, it's important to note that the execution of this project is still subject to uncertainties stemming from land use considerations, approval processes, and prevailing market conditions.