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NBKBE signed an investment contract with the People's Government of Macheng City to build a factory in Macheng, Hubei Province, for automotive wires and cables. The total investment is at least 250 million RMB, and the project will become the company's sixth production base in China, producing new energy vehicle high-voltage cables, data cables, aluminum cables, and aluminum bars.
“The total investment of the company in the Macheng automotive cable project is not less than 250 million RMB.”nbkbe.com
Summarized from public sources; check the original articles before acting on it.