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On November 19th, Zhaomin Technology made an announcement stating that the company is set to embark on overseas investment initiatives closely aligned with its core business operations. The total investment is capped at 217 million yuan (or an equivalent amount in foreign currency). Leveraging its wholly-owned subsidiary, the company plans to construct a state-of-the-art production facility in Chonburi Province, Thailand, dedicated to manufacturing automotive components and high-end precision parts. This strategic move is designed to enhance production efficiency, refine the company's global footprint, and cater to the localized supply chain requirements of downstream customers, particularly those in the burgeoning sectors of new energy vehicles and embodied intelligent robots.
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