Q Technology plans to build an electronics factory in Vietnam to expand overseas markets

QTech plans to invest US$430 million (about RMB 3.06 billion) to build an electronics factory in Vietnam. This move aims to make up for the limitations of the Indian factory, meet the needs of overseas customers, and form a dual-circulation development model. It is expected that the optical camera supply chain will usher in a peak in shipments from the fourth quarter of 2023.