Jinyang shares plans to invest in the construction of lithium battery precision structural parts project in Malaysia

Jinyang Co., Ltd. announced that it will invest no more than US$90 million to establish a new lithium battery precision structural parts project in Malaysia. The project is expected to take 36 months to build and will be implemented by the company's wholly-owned subsidiary in Malaysia. This move is aimed at meeting the demand for lithium battery products in overseas markets and further optimizing the company's global production capacity layout.