# Xinquan Photoelectric invests 700M yuan in Shenyang Machine Tool factory

Xinquan Photoelectric Technology Co Ltd will invest 700 million yuan to help Shenyang Machine Tool Group establish an intelligent manufacturing factory with an annual output of over 3,000 metal cutting equipment units over two years.

- Type: Investment
- Announced: 2017-04-18
- Where: Dongguan, China
- Value: $101.6M (700.0M CNY)
- Starts operating: 2018
- Status: announced
- Capacity: 3,000 units of metal cutting equipment per year
- Products: metal cutting equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shenyang Machine Tool Group](https://endata.com/companies/17056.md)
- [Shenyang Machine Tool Group](https://endata.com/companies/17056.md) (investor)
- [Xinquan Photoelectric Technology Co Ltd](https://endata.com/companies/17057.md) (investor)

## Sources

- [chinaservicesinfo.com](http://www.chinaservicesinfo.com/s/201704/20/WS5b77d7d4498e855160e88503/shenyang-machine-tool-manufacturer-gains-101-61m-investment.html), 2017-04-20: "The Dongguan branch of Shenyang Machine Tool Group reached a strategic cooperation agreement with China’s leading street lights manufacturer on April 18 to cooperate on intelligent manufacturing"
- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201706/t20170602_5307608.html), 2017-06-02: "沈机集团拟将 i5 在机床领域的全部相关技术、知识产权、产品组装生产线以及研发、生产人员全部择机注入沈阳机床。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.