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On May 28th, Daming Electronics unveiled its ambitious plan to invest up to 300 million yuan in the development of the "Project for the Annual Production of 16 Million Sets of Intelligent Electronic and Electrical Control Assemblies for Vehicle Bodies, Alongside 100,000 Units of Intelligent On-board Charger DCDC Converter Assemblies (Phase II)." In a recent move, the company has formalized agreements by signing both the "Industrial Land Project Investment Contract" and the "State-owned Construction Land Use Right Transfer Contract" with the People's Government of Hongqiao Town, Yueqing City, and the Yueqing Natural Resources and Planning Bureau. This deal involves a land transfer fee of 19.53 million yuan. However, the project's execution is contingent upon obtaining several approvals, and the precise investment amount remains to be finalized.
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