HK Stock Market Move | ZOOMLION (01157) rises more than 4%, will build a high-intelligence factory in Hungary to accelerate global industrial layout.

ZOOMLION (01157) rose more than 4%, up 4.26% as of press time, to HK$5.63, with a turnover of HK$33.8924 million. On the news front, on February 21, local time, ZOOMLION held a press conference at the Hungarian Ministry of Foreign Affairs for the high-altitude intelligent factory project. ZOOMLION announced that it will invest in and build a modern high-altitude operation machinery intelligent factory in the city of Tata, Hungary. The planned factory covers an area of approximately 250 acres and will use advanced production processes and equipment that are intelligent, digitalized, and environmentally friendly to produce various high-performance, high-quality, green, and low-carbon high-altitude operation machinery products, providing high-quality products and services for the Hungarian and European markets. It is expected that this project will greatly promote the development of ZOOMLION's high-altitude machinery business in Europe. It is reported that in recent years, ZOOMLION has accelerated its global industrial layout, having already constructed 10 research and manufacturing bases overseas. The intelligent factory in Hungary is the company's second demonstration factory focused on the production of high-altitude machinery overseas, in addition to the high-altitude machinery production and manufacturing base in Mexico. Together, these two bases cover the European and American markets, providing global customers with more efficient and convenient products and services.