Kailong High Technology (300912.SZ) has released an announcement to promote its business transformation, combining its own situation with that of the industry...
Futu Securities News app, Kailong High Technology (300912.SZ) has released an announcement to promote its business transformation, combining its own situation with that of the industry, actively making arrangements in the new energy field. Kailong Baodun, a wholly-owned subsidiary of the company, intends to sign an investment cooperation agreement with the Jiangdu High-tech Zone Management Committee. Kailong Baodun plans to relocate to Jiangdu High-tech Zone or set up a subsidiary in the zone to invest in and construct various automotive parts such as quality urea level sensors, urea tank assemblies, urea pipelines, air conditioning pipelines, as well as new energy projects such as liquid cooling units, electronic fans, and heat dissipation modules. The project is expected to be completed and put into production starting in 2025, with a total investment of 200 million yuan.