A subsidiary of Kexinyuan plans to invest 300 million yuan to build a production base for power battery cooling modules for new energy vehicles

Recently, the listed company Kexinyuan announced that its holding subsidiary Suzhou Ruitai Cooling Technology Co., Ltd. plans to invest a total of 300 million yuan to build a new energy vehicle power battery cooling module production base in Chongqing Hechuan High-tech Industrial Development Zone. The project is expected to have an annual output value of no less than 1 billion yuan after reaching full production, and the total annual tax payable will be no less than 50 million yuan.