SERES Group invests 1.5 billion yuan in new energy vehicle upgrade project in Chongqing

Beijing (Gusgou)- Chinese automaker SERES Group, which is also Huawei’s automotive manufacturing partner, announced on September 29 a new energy vehicle (NEV) upgrade project in the Liangjiang New Area of ​​Chongqing.

Photo credit: SERES

The company signed a strategic cooperation agreement with the management committee of Liangjiang New Area on September 17 this year to promote SERES’ goal of becoming one of the leading companies in the new energy automobile industry. According to the agreement, the two companies will help Chongqing build a world-class intelligent connected new energy vehicle industrial cluster, investing in the construction of a NEV industrial park in the region, which the company calls the “NEV Upgrade Project”. do. .

An investment of 1.5 billion yuan ($208 million) is planned and the project is estimated to be completed on September 30, 2023.

The strategic cooperation between the company and the Chongqing Liangjiang New Area Administration Committee meets the national strategic requirements of “carbon peak” and “carbon neutral” and is in line with the national strategic development plan. This strategic cooperation is also another layout of the company’s strategic development, providing strong resources for SERES’ R&D and production of intelligent electric vehicles to boost future business development and market expansion.

https://ift.tt/1huEa9v SERES Group invests 1.5 billion yuan in new energy vehicle upgrade project in Chongqing

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