East Taihu Lake Resort and Shanghai Xichi Technology signed a new energy electric drive assembly R&D and industrialization project

East Taihu Lake Resort and Shanghai Xichi Technology Co., Ltd. held a signing ceremony for the new energy, high-efficiency and energy-saving electric drive assembly R&D and industrialization project on March 1. The project has a total investment of 200 million yuan and will set up a R&D center, production and exhibition center in East Taihu Lake Resort. It is expected that after the project is officially put into operation, the output value will exceed 500 million yuan within 5 years.