Tuopu Group plans $235M NEV parts plant in Chongqing

Tuopu Group announced plans to invest CNY 1.5 billion (USD 235 million) over five years to build a new plant in Chongqing, China, to manufacture components for new energy vehicles. The first phase will include a lightweight chassis system and vehicle interior sound insulation system.

“Tuopu signed an agreement with the Shapingba district government of Chongqing, the largest municipality in southwestern China, where the plant will be built.”www2.yicaiglobal.com

• 1 source
• www2.yicaiglobal.comChina’s Tuopu Soars After Setting Out USD235 Million Plan for New NEV Parts PlantTang ShihuaDec 23, 2021

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