Haoneng Group: Wholly-owned subsidiary Haoneng in Luzhou plans to invest 400 million yuan to build the second phase of the project for the construction of a car differential assembly production base.

HaoNeng Co., Ltd. announced that its wholly-owned subsidiary, LuZhou HaoNeng, plans to invest 400 million yuan to construct the second phase of the automotive differential assembly production base project. The project is expected to take 35 months to complete, with a scheduled start date in February 2026. The main components of the project include building a production capacity of 500,000 sets of automotive differential assemblies, 1.6 million planet half shaft gears, and 2 million main reduction gears. The project funds will come from the company's own funds and bank loans.