Introduction of Huaxiang New Energy Auto Parts Industrial Park Project

On May 28, the commencement ceremony of the Huaxiang New Energy Auto Parts Industrial Park project was held in Tiexi District, Shenyang. It is reported that the project will be invested and constructed by Ningbo Huaxiang Electronics Co., Ltd. It is a modern new energy auto parts industrial park integrating R&D, production and sales, with a total investment of about 1.5 billion yuan.

The planned total construction area of the park is about 120,000 square meters. After the completion of the project, it will mainly provide products such as chassis, interior and exterior trims, and battery casings for BMW Brilliance's new energy vehicles.

The park is scheduled to be completed and put into production in May next year. After the project is put into production, it can create new output revenue of 1.8 billion yuan per year, with tax contribution of 80 million yuan per year.