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Taotao Auto: 2024 Annual Results Forecast
Taotao Automobile (301345.SZ) plans to invest no more than 9.5 million dollars to establish a production base in Thailand.
Taotao Automotive (301345.SZ) issued an announcement to meet the needs of the company's overseas Business development and to improve the company's production capacity.
Tao Tao Automotive (301345.SZ): The subsidiary plans to invest in the "annual production of 100,000 golf carts and key components industrialization project."
On January 7, Gelonghui reported that Taotao Automotive (301345.SZ) announced that according to the company's Global Strategy, in order to enhance product competitiveness and market advantages, and expand market share, its subsidiary Taotao Technology plans to invest no more than 600 million RMB of its own or self-raised funds in Yongkang, Zhejiang to construct the "Annual Production of 0.01 million golf carts and key components industrialization project," with the final investment amount subject to actual investment. The company will invest gradually as needed based on Industry development conditions, market demand, and project progress.
Should You Be Adding Zhejiang Taotao Vehicles (SZSE:301345) To Your Watchlist Today?
Taotao Automotive (301345.SZ): Currently, the company's factory in the USA has not adopted Hydrogen Energy as a power source for its products.
On December 27, Gelonghui reported that Taotao Automotive (301345.SZ) stated on the investor interaction platform that its factory in the USA currently does not use Hydrogen Energy from Musk's company as product power. As the overseas production capacity continues to advance, and with the future needs for international market sales, the production of the company's overseas New energy Fund products will gradually increase.
Zhejiang Taotao Vehicles Co., Ltd.'s (SZSE:301345) Most Bullish Insider, CEO Matao Cao Must Be Pleased With the Recent 6.2% Gain