Guangdong TCL Smart Home Appliances (002668.SZ) plans to invest in building a new production base in Southeast Asia, with an estimated total investment of 490 million yuan.

Guangdong TCL Smart Home Appliances (002668.SZ) announced that in order to accelerate its global strategic layout, better meet customer demand, and consolidate and expand market share, the company or its subsidiaries plans to use its own funds or self-raised funds to establish an overseas production base in Southeast Asia. The project is expected to have a total investment of 490 million yuan, including project land, factory and equipment investment, and working capital. The project construction period is 24 months, with the final details subject to actual construction conditions. The announcement stated that the company is committed to becoming a global leading smart home appliance enterprise and is firmly implementing a globalization strategy. In recent years, the company has continued to focus on research and development, manufacturing, and global market expansion, with overseas sales maintaining rapid growth. The investment in building a factory in Southeast Asia is aimed at increasing production capacity through the new overseas factory, meeting the demand for global market expansion, and consolidating and expanding market share. Additionally, it aims to further meet customer demand, increase the proportion of high-end air-conditioning products, and optimize product structure.