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Vimas: Investing 190 Million Yuan to Establish a Production Facility for Electric Drive Components of New Energy Vehicles
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Author：小编
Vimas announced on July 2 that it intends to allocate 190 million yuan of excess funds to bolster the capital of its wholly-owned subsidiary, Wuhu Vimas, for the purpose of constructing a manufacturing base dedicated to electric drive assembly products for new energy vehicles. The total investment for this project amounts to 190 million yuan, encompassing engineering expenditures, the procurement and installation of equipment, equipment relocation and upgrades, initial setup fees, and initial working capital. The construction site is situated within the Wuhu High-tech Industrial Development Zone, with an anticipated construction duration of 12 months.
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