Rayhoo Motor Dies (002997.SZ) subsidiary plans to implement a large-scale smart additive manufacturing project for key materials in precision cover component molds (Phase One).

Rayhoo Motor Dies (002997.SZ) announced that its wholly-owned subsidiary, Wuhu Ruihu New Materials Technology Co., Ltd., plans to invest in the construction of a large-scale precision cover part mold key material intelligent additive manufacturing project (Phase I). Upon completion of the project construction and reaching full production capacity, it will have the ability to produce 36,000 tons of iron-based large precision forming equipment blanks and 3,000 tons of steel-based large precision forming equipment blanks, as well as capabilities for molding and post-processing. The construction site is located in the Jiangbei area of Wuhu Economic and Technological Development Zone, Anhui Province. The project investment amount is approximately 267 million yuan, with a construction period of 24 months. The announcement stated that the construction of the "large precision cover part mold key material intelligent additive manufacturing project (Phase I)" not only ensures customer order lead time requirements, but also allows for independent control to improve the quality of key raw materials, promote the stability of mold product quality, and reduce the overall cost of molds. It can enhance the market competitiveness of mold products in various aspects.