Xinjie Electric (603416.SH) plans to invest 49.75 million yuan to initiate the establishment of Wuxi Jiezhilian Innovation and Investment Partnership Enterprise.

Chinatimes Finance APP news, XinJie Electric (603416.SH) announced that the company plans to invest 49.75 million yuan from its own funds to establish Wuxi Jie Zhi Lian Chuang Industrial Investment Partnership Enterprise (Limited Partnership) (tentative name, subject to official registration after), with a subscribed amount accounting for 99.50% of the total planned raised by the partnership enterprise, with an initial investment amount of 20 million yuan. The main investments are in semiconductor, robotics, artificial intelligence and other high-end manufacturing industry chains that have coordination effects with XinJie Electric's industrial chain and have rapid development potential, and through direct investment to promote technological innovation and the company's application in new markets and fields.