Ryoden Electric Control (688667.SH) plans to invest 600 million yuan to build a new energy electronic control industrial park production expansion project

Zhitong Finance App News, Linden Electronic Control (688667.SH) announced that the company plans to sign a project investment agreement with the Wuhan Airport Economic and Technological Development Zone Management Committee. The company will invest in the construction of the “Linden Electronic Control New Energy Electronic Control Industrial Park Production Expansion Project” in Dongxihu District, Wuhan City, Hubei Province. The total investment for the project is estimated at 600 million yuan. The project was invested in two phases. The first phase of the project invested 300 million yuan. The construction period was 2 years, and it was fully put into operation after completion.

The project is for the company to expand the New Energy Electronic Control Industrial Park, continuously optimize and upgrade infrastructure and production, develop high-end equipment, expand reserve production capacity, and build a green and smart factory. The company follows the development trend of “electrification and intelligence” in the automotive industry, relies on core technical advantages and process technology accumulation, and focuses on the main business layout to reserve core momentum for the company's future medium- to long-term development.