WDI: Plans to invest 100 million yuan to establish a wholly-owned subsidiary

WDI announced that the company plans to invest 100 million yuan of its own funds to establish a wholly-owned subsidiary, Suzhou WDI New Energy Technology Co., Ltd. The total registered capital of the new company will be 100 million yuan, with the company holding 100% equity. The business scope includes technology research and development, consulting services, manufacturing of automotive parts and components, manufacturing of power transmission and control equipment, and manufacturing of general components. This investment is an important step for the company to extend its reach from the CCS industry to the upstream signal acquisition industry chain, which is beneficial for further expanding and strengthening new technology route products