Inovance United Power increases investment in new energy vehicles

In order to further increase production capacity and meet market demand, Inovance United Power invested 8 billion yuan in Suzhou to build a headquarters and production base project, with an estimated annual output of 15 million sets of key parts for new energy vehicles and an operating income of about 30 billion yuan. At the same time, the company also established Inovance New Energy Vehicle Technology (Suzhou) Co., Ltd. in August to further increase investment in the new energy vehicle field.