HOWNSEA Group commences construction of new energy auto part intelligent production project
2020-05-11 17:31:02 [Print]
Recently, Shandong HOWNSEA Group staged a construction commencement ceremony at Changyi, Shandong province for its intelligent production project on new energy auto parts
. With a planned investment of RMB1 billion (USD141 million) from HOWNSEA Group, the project consists of Al-alloy light-weight, intelligent casting center and matching processing programs for new energy autos, and will run in a combined cloud + internet + plant mode . It's expected to be built completely and go into production in 2021; when going to full production, it is expected to reach an annual production value of RMB3 billion (USD424 million) and taxation of RMB300 million (USD42 . 35 million).