# Hongxiang subsidiary to invest in smart distribution equipment technical renovation project

Hongxiang Co.'s wholly-owned subsidiary Zhejiang Hanpu Electric Power Technology will invest up to CNY 150 million to build a technical renovation project with an annual capacity of 1,500 sets of smart distribution equipment and power installation engineering in Haiyan County.

- Type: Expansion
- Announced: 2021-12-09
- Where: Haiyan County, Wuyuan Street, China
- Value: $23.5M (150.0M CNY)
- Status: announced
- Capacity: 1,500 sets per year of smart distribution equipment
- Products: smart distribution equipment, power installation engineering
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hongxiang Co.](https://endata.com/companies/59569.md)
- [Zhejiang Hanpu Electric Power Technology](https://endata.com/companies/59570.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/619000.html), 2021-12-09: "The project is expected to form an annual production capacity of 1,500 sets of smart distribution equipment and power installation engineering."

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