Zhongchuang Zhiling plans 50 bn yuan NEV parts base

Zhongchuang Zhiling (Zhengzhou) Industrial Technology Group Co., Ltd. intends to invest approximately 50 billion yuan in a new energy vehicle (NEV) parts industrial base and research and development center. The project, located in Changzhou's Wujin National High-tech Industrial Development Zone, aims to accelerate the industrialization of NEV motor system components, chassis components, and thermal management components. The investment will be made in batches based on industry development, market demand, and project progress.

The project is currently in its initial phase, requiring the establishment of a subsidiary in the project location and the acquisition of land use rights through a public bidding process. Various government approvals are also necessary for implementation.

The company's board of directors approved the investment on September 26, 2025. This strategic move is expected to enhance Zhongchuang Zhiling's core competitiveness and scale advantages, although it faces potential risks from market changes, policy adjustments, raw material price fluctuations, customer concentration, and exchange rate volatility.