Xusheng New Energy Vehicle Powertrain Phase I Project Plans to Start Trial Production in September

The first phase of Xusheng's new energy vehicle powertrain project has entered the equipment installation and commissioning stage and is scheduled to be completed and put into trial production in September this year. The project is located in Nanxun Development Zone, Huzhou City, and is invested and constructed by Xusheng Group. After the first phase of the project is put into production, it will have an annual production capacity of 500,000 sets of new energy vehicle battery system assemblies, 1.46 million sets of new energy vehicle electronic control system structural parts, and 1 million sets of new energy vehicle control system structural parts. In the first quarter, the first phase of the project has completed an investment of 130 million yuan, of which 85 million yuan was invested in equipment. At present, 80% of the civil engineering and 40% of the municipal engineering of the first phase of the project have been completed.