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Zhejiang Rongtai: Plans Annual Production of 500,000 New Energy Vehicle Components in Mexico via Singaporean Subsidiary
13 hour ago /
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Author：小编
On April 14th, Zhejiang Rongtai made an announcement detailing its plans to invest in a production project aimed at manufacturing 500,000 sets of new energy vehicle components annually in Mexico. This strategic move will be executed through its wholly-owned subsidiary based in Singapore. The total investment allocated for this project amounts to US$10.88 million. Upon reaching full production capacity, the project is anticipated to generate an annual output value of RMB 200 million, with an estimated payback period of 4.57 years.
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