[Fuda Co., Ltd.: Plans to Invest in and Construct Ultra-Precision Gear Project for Electric Drive Systems of NEVs and Robot Drive Joint Components Project]
Fuda Co., Ltd. (603166.SH) announced that it has signed an "Investment Agreement" with the Management Committee of Pinghu Economic and Technological Development Zone, planning to invest in and construct an ultra-precision gear project for electric drive systems of new energy vehicles (NEVs) and a robot drive joint components project in Pinghu Economic and Technological Development Zone, with a planned land area of approximately 132 mu.