Rongtai shares launched refinancing and fixed increase of Yangzhou new energy vehicle parts intelligent manufacturing project

Based on the excellent performance in the first quarter of 2024, Rongtai Co., Ltd. launched a refinancing and fixed increase in Yangzhou's "New Energy Vehicle Parts Intelligent Manufacturing Project", planning to purchase advanced medium and large lean die-casting units of different models from 3000T to 9000T to accelerate the advancement of the integrated die-casting project. As a high-tech enterprise integrating mold research and development and manufacturing, aluminum alloy die-casting, and precision machining, Rongtai Co., Ltd. has been actively deploying new energy integrated die-casting business since two years ago. In 2022, the company introduced 3 sets of 9000T ultra-large die-casting units for the production of ultra-large integrated die-casting structural parts for automobiles. In order to cope with market demand and production capacity bottlenecks, Rongtai Co., Ltd. invested 1 billion yuan to build a new energy vehicle parts project in Yangzhou. The project mainly produces precision die-castings such as the three-electric system, molds, and integrated die-casting of structural parts for new energy vehicles.