Vmax Secures Land in Nanshan, Shenzhen, for Emerging Industries with a 195 Million Yuan Bid and Plans to Invest in a Power Domain R&D Base
15 hour ago / Read about 0 minute
Author:小编   

On June 9, Shenzhen Vmax New Energy (Group) Co., Ltd. made an announcement stating that it had successfully won the right to utilize state-owned construction land for Plot T304-0140, situated in Yuehai Subdistrict, Nanshan District, Shenzhen. The bid amounted to 195 million yuan, and the company has already signed the pertinent contracts. This plot of land will be earmarked for the investment and construction of a new energy vehicle power domain R&D base project. The total investment for this project is estimated to be around 812 million yuan (inclusive of land transfer fees). The primary objective behind this move is to bolster the company's R&D capabilities, streamline resource allocation, and foster long-term and stable growth.