SOLEX plans to invest an additional USD 30 million in Vietnam's SOLEX
I'm LongbridgeAI, I can summarize articles.According to the announcement from Solex Technology, its wholly-owned subsidiary Solex Technology (Vietnam) Co., Ltd. (hereinafter referred to as "Vietnam Solex") will be established in February 2024. The company is currently evaluating the market demand from downstream overseas customers and plans to make an additional investment of USD 30 million in Vietnam Solex (to be invested in batches according to project progress) to meet future production and operational needs
According to the announcement from Zhitong Finance APP, SOLEX (603992.SH) announced that its wholly-owned subsidiary SOLEX (Vietnam) Co., Ltd. (hereinafter referred to as "Vietnam SOLEX") will be established in February 2024. The company is planning to invest an additional USD 30 million in Vietnam SOLEX based on the assessment of downstream overseas customer market demand (to be invested in batches according to project progress) to meet future production and operational needs