The subsidiary of Shenzhen Cotran New Material(300731.SZ), Ruitek, plans to invest 90 million yuan in building a large-area cooling plate project for new energy vehicle batteries.

Shenzhen Cotran New Material (300731.SZ) announced that its holding subsidiary, Suzhou Ruiteke Heat Dissipation Technology Co., Ltd. (referred to as "Ruiteke"), plans to invest 90 million yuan to establish a new energy vehicle battery large-surface liquid cooling plate project. This project is planned to be constructed in phases according to customer demand, to set up a new energy vehicle battery large-surface liquid cooling plate production line. The project implementation includes feasibility studies, government department filings, engineering construction, equipment procurement and installation, personnel recruitment and training, system debugging and verification, and production trial operation, with a total construction period estimated to be 9 months, and is expected to be completed by mid-2025. This investment is a rational measure to solidify the continuous development of the company's main business, which will help the company seize the good market development opportunities in the new energy vehicle power battery cooling system, further improve the company's product layout in the field of new energy power batteries, meet the company's growing order demand, and enhance the company's overall competitiveness.