---
title: "NTG plans to establish a wholly-owned subsidiary in Germany as a European R&D center and international business expansion center"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232546670.md"
description: "NTG plans to increase its capital by no more than 40 million RMB to establish a wholly-owned subsidiary, NTG Europe GmbH, as its research and development center and international business expansion center in Europe, focusing on automotive parts research and development and cooperation with European companies"
datetime: "2025-03-20T08:53:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232546670.md)
  - [en](https://longbridge.com/en/news/232546670.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232546670.md)
generator: "portal-rs"
---

# NTG plans to establish a wholly-owned subsidiary in Germany as a European R&D center and international business expansion center

According to the announcement from NTG (301229.SZ), based on the company's strategic development plan and operational needs, the company plans to increase its capital in its wholly-owned subsidiary NTG (Hong Kong) Limited (referred to as "Hong Kong NTG") with an amount not exceeding RMB 40 million in equivalent US dollars or euros. The capital will be contributed in accordance with the progress, and through Hong Kong NTG, a wholly-owned subsidiary NTG Europe GmbH (tentative name, referred to as "investment target" or "NTG Europe") will be established in Germany. NTG Europe will serve as the company's research and development center in Europe and the international business expansion center, focusing on the research and development of automotive parts, strengthening cooperation and communication with leading European automotive parts companies, and developing international business

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**