Huachuan Electric: Development of the automotive motor industry led by innovation

Huachuan Electric, a company dedicated to the research and development and production of automotive motors, is driving the rapid growth of its business through a series of innovative measures. This year, the company achieved 62.58% of its annual operating income, a year-on-year increase of 45.12%. Huachuan Electric is actively deploying new energy automotive motors and off-road vehicle motor industries, with a planned total investment of 560 million yuan, and a construction target of 2 million units/year of new energy motor capacity and 1.8 million units/year of off-road vehicle motors (Type III generators and DN starter motors). At the same time, the company is also increasing its investment in the research and development of new energy drive motors, and plans to continue to increase its investment in the new energy industry in the next three years.