On May 8th, Vmax unveiled its ambitious plan to set up a dedicated research and development (R&D) base for new energy vehicle power systems in Shenzhen's Nanshan District. This project will encompass the creation of a headquarters and R&D center with exclusive property rights, along with the establishment of a fully integrated experimental platform. The total projected investment for this endeavor stands at approximately 812 million yuan.

The proposed location for this project is strategically situated on the northwest side of the intersection between Shennan Avenue and Keji Zhong'er Road in Shenzhen, Guangdong Province. The land, earmarked for new industrial purposes, comes with a 30-year usage term. It spans an area of roughly 9,264.52 square meters, with a total construction area reaching approximately 55,578 square meters. Vmax intends to secure the land use rights through a public auction, thereby accelerating the project's construction and catering to its growth requirements.