# Haitian Precision to build $1.5B CNC machine tool base in Ningbo

Haitian Precision announced it will invest 1 billion yuan to build a high-end CNC machine tool intelligent production base in Ningbo, Zhejiang Province, including a production base for key components and an innovation center.

- Type: New facility
- Announced: 2022-04-15
- Where: Ningbo, Zhejiang, China
- Value: $157.0M (1.00B CNY)
- Status: announced
- Products: high-end CNC machine tools, key components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Haitian Precision](https://endata.com/companies/16481.md)

## Sources

- [cls.cn](https://www.cls.cn/detail/987862), 2022-04-15: "海天精工公告，与宁波经济技术开发区管委会签署《投资协议书》，投资建设高端数控机床智能化生产基地项目，项目计划投资总额10亿元。"

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