Shanghai STEP Electric Corporation

Step Electric's subsidiary Zonwoson held a groundbreaking ceremony for a new factory in Songshan Lake, Dongguan, which will produce 10,000 industrial robots and 100,000 motion control systems annually.

Step Electric's subsidiary Xiaoao Industrial Intelligent Equipment (Suzhou) Co., Ltd. held a groundbreaking ceremony for a new factory in Kunshan, Suzhou, for automotive intelligent flexible welding production lines. The first phase investment is 190 million yuan.

Shanghai Step Electric Corporation held a groundbreaking ceremony for a new factory in Jiading, Shanghai, with a total investment of 693 million yuan. The facility will have an annual production capacity of 10,000 industrial robots.

Shanghai STEP Robot Co., Ltd. held a groundbreaking ceremony for a new factory in Jiading, Shanghai, with a total investment of 693 million yuan and an annual capacity of 10,000 industrial robots.

Shanghai STEP Electric Corporation and its subsidiary Shanghai STEP Cable Technology Co., Ltd. plan to acquire 100% equity of Hangzhou Zhishan Intelligent Control Technology Co., Ltd. for 405 million yuan. Zhishan specializes in servo drives and motion control systems.