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Hunan Xinhengrong Electric Co., Ltd. filed a project for a new plant in Jianghua High-tech Zone, Hunan, to produce 20 million motor stator and rotor chips per year. The investment is 60 million yuan (approx. $8.5 million).
“湖南新恒荣电器有限公司年产2000万件电机转定子芯片项目已于2020年4月15日在湖南省投资项目在线审批监管平台备案”admin.yzcity.gov.cn
Summarized from public sources; check the original articles before acting on it.