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Ningbo Tuopu Group signed an investment agreement to build a new energy vehicle (NEV) core component manufacturing base in Changxing county, Huzhou city, Zhejiang province, China. The company plans to invest at least 2 billion yuan ($278 million) in the facility, which will produce lightweight chassis, lightweight car body, interior functional parts, and automotive electronics for NEVs.
“The company intends to invest no fewer than 2 billion yuan ($278.203 million) in building a new energy vehicle (NEV) core component manufacturing base in Changxing county, Huzhou city.”autonews.gasgoo.com
Summarized from public sources; check the original articles before acting on it.