Zhejiang Daily invests 1 billion to expand new projects

Recently, Zhejiang Shiri Electromechanical Technology Co., Ltd. signed a contract with Luqiao Economic Development Zone for a new energy vehicle drive motor stator and rotor core production base project, with a planned investment of 1 billion yuan and an area of ​​150 acres. After the project is completed, it will have an annual production capacity of 9 million sets of new energy vehicle drive motor stator and rotor cores, and is expected to achieve annual sales revenue of 1 billion yuan and profits and taxes of 45 million yuan.