MeiG Smart Inks Deal for AI R&D and Manufacturing Base in Nantong with 300M Yuan Investment
MeiG Smart announced that the company signed the "MeiG Smart AI R&D and Advanced Manufacturing Industry Project Cooperation Agreement" with the Management Committee of Nantong Chibei High-tech Industrial Development Zone, Jiangsu Province on April 15. The company or its wholly-owned subsidiary plans to purchase approximately 46 mu of industrial land in Nantong Chibei High-tech Industrial Development Zone to establish an R&D center and an advanced process pilot testing and manufacturing base, and to invest in the construction of the MeiG Smart AI R&D and Advanced Manufacturing Industry Project, with an estimated total investment of 300 million yuan.