Zhongchuang Zhiling: Intends to invest about 5 billion yuan to build a new energy vehicle parts industry base and research and development center.

Zhongchuang Zhiling Announcement: The company plans to invest in and build a new energy vehicle component industry base and R&D center project in the National High-tech Industrial Development Zone in Wujin, Changzhou City, with a total investment of approximately 5 billion yuan. The project is expected to cover an area of approximately 270 mu and will be implemented in phases. This move aims to accelerate the industrialization process of key products such as electric motor system components, chassis components, and thermal management components for new energy vehicles, and enhance the company's core competitiveness and scale advantage. The project still needs to establish a subsidiary, acquire land use rights, and go through various government approval or filing procedures.