Ningbo Tuopu

Ningbo Tuopu Group will invest $700 million to expand its plant in Salinas Victoria, Nuevo León, Mexico, creating 10,000 jobs and including a technology laboratory.

Ningbo Tuopu Group signed a framework agreement with NIO to cooperate on R&D, manufacturing, and supply of new energy vehicle auto parts.

Ningbo Tuopu Group broke ground on a smart manufacturing factory in Shouxian county, Anhui province, China. The factory involves a total planned investment of 1.5 billion yuan ($214.854 million) and has an annual designed capacity of 500,000 sets of lightweight chassis and 500,000 complete vehicle acoustic kits.

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.

Ningbo Tuopu Group announced a €30 million investment to build a production plant in Poznań, Poland, manufacturing sub-frames for electric cars and creating 450 jobs.

Ningbo Tuopu Group Co Ltd signed a letter of intent to acquire auto parts assets for 451 million yuan ($66.64 million).

Chinese automotive parts group Ningbo Tuopu announced the construction of its first factory in Brazil, in Guarulhos, São Paulo, with an investment of around R$ 30 million. The plant will produce engine mounts and transmission parts, creating approximately 120 jobs, and is expected to start operations in the second half of 2019.