Lake Electric signs new energy vehicle parts project

On June 7, Lake Electric successfully signed a new energy vehicle parts project in the High-tech Zone of Taicang City, Jiangsu Province. The total investment of the project is 800 million yuan, and the annual output value is expected to reach 1 billion yuan after reaching full production, and the tax contribution is about 70 million yuan. It aims to build a new energy vehicle parts production base, and its main products include precision machined parts such as motor housings, inverter housings, and reducer housings. The implementation of this project will provide better supporting services for customers such as Schaeffler (China) Co., Ltd. and United Automotive Electronics Co., Ltd. Taicang Branch.