Ningbo Zhenyu Technology plans to establish a production base for new energy motor core precision structural parts in Europe

Ningbo Zhenyu Technology Co., Ltd., a high-tech enterprise focusing on automotive precision structural parts, plans to invest 72 million euros in Serbia to build a European production base for precision structural parts for new energy motor cores, and is expected to achieve mass production in the first half of 2025. This move will help the company further expand its business in important markets such as North America, Europe, Japan and South Korea, and achieve comprehensive substitution of overseas market exports.