# Tuopu Group to invest 5 billion yuan in robot core components base in Ningbo

Tuopu Group (601689.SH) signed an investment agreement with Ningbo Economic and Technological Development Zone Management Committee on January 4, 2024, to invest 5 billion yuan in building a robot core components production base on 300 mu of land in Ningbo.

- Type: New facility
- Announced: 2024-01-04
- Where: Ningbo, Zhejiang, China
- Value: $695.0M (5.00B CNY)
- Status: announced
- Capacity: 100,000 units per year initially, later 1 million
- Products: robot core components, electric drive systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Tuopu Group](https://endata.com/companies/51559.md)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/1050217.html), 2024-01-04: "公司拟投资50亿元人民币，规划用地300亩，在宁波经济技术开发区建设机器人核心部件生产基地。"
- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-tuopu-plans-to-invest-usd703-million-in-robot-drive-systems-base), 2024-01-05: "Tuopu Group... said it plans to expand from making smart electric vehicle components to robot parts by investing CNY5 billion in building a new research, development, and production base for robot electric drive systems."

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