Bojun Technology plans to invest 1.5 billion to build a research and development and production base for lightweight automotive parts

Jiangsu Bojun Industrial Technology Co., Ltd. (hereinafter referred to as Bojun Technology) announced that it plans to sign an "Entry Agreement" with the Wujin National High-tech Industrial Development Zone Management Committee to invest 1.5 billion yuan to build an automotive lightweight parts R&D and production base project in Changzhou Wujin National High-tech Zone. To this end, Bojun Technology will invest 50 million yuan to establish a wholly-owned subsidiary, Changzhou Bojun Auto Parts Co., Ltd. (tentative name), which will be responsible for the investment, construction and operation of the project. The project covers an area of ​​about 130 acres and will mainly develop and produce automotive body modular products, hot forming parts and integrated die-casting parts. It is expected that the plant will be completed within two years after the signing of the land transfer contract.