Zhejiang XCC Group (603667.SH) plans to invest approximately 1.5 billion yuan in building production capacity for various products in Xinchang County.

Zhejiang XCC Group (603667.SH) announced that the company plans to sign an "Investment Agreement" with the Management Committee of Xinchang High-tech Industrial Park and Xinchang High Innovation Holdings Group Co., Ltd. The company plans to invest in the production of planetary roller screws, micro ball screws, automotive steering system screws, brake parking system screws, suspension shock absorber system screws, and special bearings for general Siasun Robot & Automation products. The project is expected to have a total investment of approximately 1.5 billion RMB, covering an area of about 100 acres. The announcement stated that this capacity expansion is aimed at expanding and extending the company's main business.