Sinotech Electrical (603416.SH) plans to invest 800 million yuan to build a robot intelligent drive control system production project.

China Economy News APP information, Xinjie Electric (603416.SH) announcement, the company plans to participate in the bidding to obtain the land use rights on the southwest side of the intersection of Liulu Road and Cuizhu Road in Hudai Town, Binhu District, Wuxi City, and plan to invest 800 million yuan to build a robot intelligent drive control system production project after obtaining the above-mentioned land use rights. The project construction period is planned to be 24 months.