On December 24, Huitong Holding revealed that it had entered into an investment agreement with the Administrative Committee of the Wuhu Economic and Technological Development Zone. This strategic move aims to propel forward the 'Project for 900,000 Sets of High-End New Energy Vehicle Styling Components and Acoustic Products.' The project boasts a total investment of not less than 1 billion yuan, with fixed asset investment reaching a minimum of 550 million yuan.

Situated within the Wuhu Economic and Technological Development Zone, the project will span approximately 178 acres of prime real estate. Construction is slated to commence soon, with the ambitious goal of completing the project and initiating operations within a mere 15 months from the groundbreaking ceremony. Furthermore, the project is expected to achieve full production capacity within 48 months of its formal operation commencement, marking a significant milestone in the company's expansion plans.