KDL to invest up to 1 billion yuan to build NEV power battery precision structural parts phase I project
2022-07-25 11:32:55 [Print]
KDL announced on July 22 that the company plans to establish a wholly-owned subsidiary in Zaozhuang High-tech Zone, Shandong, and use self-raised funds of up to 1 billion yuan (148 million US dollars) to build KDL Shandong Zaozhuang new energy vehicle (NEV) power battery precision structure project phase I in order to further improve the company's capacity layout and meet customers' capacity supporting needs.