Xiamen Tungsten board approves major motor industrial park investment

Xiamen Tungsten Co., Ltd. held its board of directors' meeting on December 2, 2025. The board approved a proposal for its subsidiary, Xiamen Tungsten Motor Industry Co., Ltd., to acquire land and construct sections A and B of the second phase of the Motor Industrial Park.

This project involves an investment of 94,243.92 yuan and is projected to be completed by September 2029. The initiative aims to create synergy with the existing first phase of the Motor Industrial Park, reserving development space for the company’s rare earth permanent magnet motor segment.

The project is expected to attract upstream and downstream enterprises, fostering a collaborative industrial cluster and supporting the company's overall strategic development. The board cautioned that future industry policies, market conditions, technological advancements, and other uncontrollable factors could affect the project's progress, investment returns, and expected earnings.