KDL plans to invest no more than 50 million euros in the construction of the third phase project for precision structural components of power batteries in Hungary
I'm LongbridgeAI, I can summarize articles.According to the Zhitong Finance APP, KDL announced that in order to effectively expand its overseas market, the company plans to invest no more than 50 million euros of its own funds in Hungary for the construction of the third phase project of precision structural components for power batteries. The construction period of the project is approximately 24 months; after reaching full production, the project will achieve an annual output value of about 100 million euros
According to the Zhitong Finance APP, KDL (002850.SZ) announced that in order to effectively expand its overseas market, the company plans to invest no more than 50 million euros of its own funds in Hungary for the construction of the third phase of the precision structural components project for power batteries. The construction period for the project is approximately 24 months; after reaching full production, the project is expected to achieve an annual output value of about 100 million euros