I'm LongbridgeAI, I can summarize articles.Kaizhong Precision announced that its wholly-owned subsidiary Heyuan Kaizhong Precision Manufacturing Technology Co., Ltd. plans to invest 116 million yuan for technological transformation and expansion, aiming to meet the capacity demand for new energy precision connectors from first-tier automotive companies and well-known Tier 1 customers both domestically and internationally
According to the Zhitong Finance APP, Kaizhong Precision (002823.SZ) announced that its wholly-owned subsidiary Heyuan Kaizhong Precision Manufacturing Technology Co., Ltd. (referred to as "Heyuan Kaizhong") plans to invest 116 million yuan using its own funds and self-raised funds to carry out technological transformation and expansion of the Heyuan New Energy Vehicle Components Intelligent Manufacturing Industrial Base. The implementation of this matter aims to meet the future capacity demand for new precision connector projects designated by first-line automotive companies and well-known Tier 1 customers in the new energy sector, as well as new product businesses in emerging industries