The groundbreaking ceremony of Quanfeng Automobile production Base in Europe was held.

The ground-breaking ceremony for Chervon Auto Precision Technology (Europe) Ltd. was held

At 09:45 on November 18, 2021, Hungary time, the groundbreaking ceremony of the European production base for intelligent manufacturing of Quanfeng auto parts was held at the Miscolz Mechanical and Electrical Industry Park. Mr. Sialdo, Minister of Foreign Affairs and Foreign economy of Hungary, Mr. Pal Veres, head of the relevant government of the Hungarian Parliament and Hungarian Investment and Trade Agency, and Mr. Pal Veres, Mayor of Misholz; Simon Waechter, Quanfeng Automobile European Plant Project Manager, General Manager of Quanfeng Automobile European Plant, Ga á l Gyula; Quanfeng Automobile European Project partner representatives and so on attended the ceremony.

At 9:45 am Hungary time on November 18,2021, Chervon Auto held its groundbreaking ceremony for its manufacturing facility in the Mechatronics Park in Miskolc. H.E. Minister P é ter Szijj á rt ó, the relevant government officials of Hungarian Investment and Promotion Agency and Hungarian Parliament, Mayor of Miskolc Mr. Pal Veres; Project Manager of Chervon Auto Europe project Mr. Simon Waechter; General Manager of Chervon Auto Europe Kft. Mr. Gaal Gyula and representatives of partners related to the Europe project of Chervon Auto attended the ceremony.

This project is the most important greenfield investment project in Misholtz in recent years. Through excellent die-casting and related processes, combined with the capacity layout of the project, we will focus on the layout of products that match the development trend of automobile electrification in Central Europe. The project covers an area of nearly 28000 square meters and construction has begun since September 2021.

This project is the most important greenfield investment project of Miskolc in recent years. Through excellent die casting and related processes, combined with the production capacity layout of the project, we will focus on products in Central Europe to match the electricifaction development trend in the automotive industry. The project covers nearly 28000 square meter and started construction from September of 2021.

Quanfeng Automobile takes advantage of the national "Belt and Road Initiative" initiative, through this investment will optimize the company's production capacity and strategic layout, further improve the company's market share in new energy vehicle products, and enhance the company's overall competitiveness.

Seizing "the Belt and Road Initiatives", Chervon-auto will optimize the company's production capacity and strategic layout through this investment, further improve the company's market share in new energy vehicle products, and enhance the overall competitiveness of the company.