Yunyi Electric (300304.SZ) plans to set up a subsidiary and build a production base in Morocco for 66 million US dollars

Zhitong Finance App News, Yunyi Electric (300304.SZ) announced that in order to further improve the company's overseas business layout, the company plans to use its own or self-raised capital of 66 million US dollars to invest in the establishment of a wholly-owned subsidiary (hereinafter referred to as a “wholly-owned subsidiary”) and build a production base in Morocco. The wholly-owned subsidiary will be an important overseas production base for the company, fully relying on local resources and industrial synergy advantages to further enhance the company's comprehensive competitive strength and sustainable development capabilities, and promote the implementation of the company's medium- to long-term strategic goals.

This time, it is planned to invest in the establishment of a wholly-owned subsidiary and production base in Morocco. The aim is to rely on core technology accumulation and supporting service advantages, adapt to the global development trend of the automobile industry, seize the development opportunities of automobile OEMs and industrial chain parts companies, further develop overseas customer resources, accelerate the process of business globalization, enhance the company's sustainable competitive strength in the international market, and promote the implementation of the company's medium- to long-term strategic goals.