ZMJ plans to invest 5 billion yuan to build a new energy vehicle parts industrial base and R&D center project

According to the Zhitong Finance APP, ZMJ (601717.SH) announced that based on the company's strategic layout in the core components field of new energy vehicles, to accelerate the industrialization process of key products such as electric motor system components, chassis components, and thermal management components for new energy vehicles, the company plans to invest in the construction of the ZMJ Group new energy vehicle components industrial base and R&D center project in the Wujin National High-tech Industrial Development Zone in Changzhou (referred to as "Wujin High-tech Zone"). The total investment for the project is expected to be approximately 5 billion yuan, with a planned land area of about 270 acres (the specific area is subject to actual measurement).

This investment in the construction of the new energy vehicle components industrial base and R&D center project is a key strategic move for the company to seize the opportunities of the automotive industry transformation and deepen the layout of the new energy components industry. By integrating business resources and strengthening regional support, the project will significantly enhance the company's R&D capabilities and manufacturing levels in the automotive components sector, reinforcing collaborative development. The implementation of this project is beneficial for further consolidating and enhancing the company's market position in the automotive components business, improving the strategic layout of the new energy vehicle industry chain, increasing the incubation of innovative results, transforming products from components to systems, enhancing core competitiveness, and having a positive impact on the company's long-term business layout and operating performance, aligning with the company's overall development strategy