The groundbreaking ceremony for Mingnayang New Energy Vehicle Drive Motor Project was held.

Mingnayang Power Technology, a wholly-owned subsidiary of Mingnayang Co., Ltd., launched a research and development and production project for new energy vehicle drive motors and their core components in Changzhou. The project has a total investment of 500 million yuan, covers an area of ​​36.5 acres, and is expected to produce 900,000 sets of drive motor core assembly components annually.