Shandong Liancheng Precision New Energy Vehicle Parts Project is expected to be put into production by the end of 2024

The first phase of the new energy vehicle parts project of Shandong Liancheng Precision Manufacturing Co., Ltd. is under construction, and the staff are debugging the production equipment. The total investment of the project is 250 million yuan. The first phase investment is 100 million yuan to acquire Shandong Sanqi Auto Parts Co., Ltd. and supplement some equipment to produce related auto parts. The second phase plans to invest 150 million yuan to build a new energy vehicle parts project with an annual output of 10,000 tons. After the project is fully put into production, it is expected to produce 2 million new energy vehicle parts annually.