Xinyuan Intelligent Manufacturing (600615.SH) plans to establish a production base for agricultural machinery in Vietnam to meet the needs of overseas markets.

China Fortune Financial News APP announced that Xinyuan Intelligent Manufacturing (600615.SH) plans to establish a production base for agricultural machinery in Vietnam through its controlling subsidiary Chongqing Xinyuan Agricultural Machinery Co., Ltd. (referred to as "Xinyuan Agricultural Machinery"). This is to meet the needs of overseas market development. The company will implement the construction of the Vietnamese production base in phases based on market demand and business development. The total investment for the first phase is approximately $6.9444 million, mainly for factory renovation, equipment procurement, and initial working capital investment.