# Veichi Electric to build $69M high-end electrical equipment base in Changzhou

Veichi Electric (688698.SH) announced plans to invest 500 million yuan (approximately $69 million) to build a high-end electrical equipment production base in Changzhou, Jiangsu Province, China. The facility will produce high-voltage inverters and multi-drive inverters.

- Type: New facility
- Announced: 2024-01-29
- Where: Changzhou, Jiangsu, China
- Value: $69.0M (500.0M CNY)
- Status: announced
- Products: high-voltage inverters, multi-drive inverters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Veichi Electric](https://endata.com/companies/75298.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1063205.html), 2024-01-29: "项目计划总投资5亿元人民币，用于引进高压电机、变压器、水冷机、振动平台、温箱等设备，主要从事高压变频器、多传变频器等业务。"

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