VMAX Plans RMB 812 Million Investment to Build New Energy Vehicle Powertrain R&D Center in Shenzhen’s Nanshan District

VMAX (SHA: 688612) announced that the company plans to invest approximately RMB 812 million (including land transfer fees) to build a new energy vehicle powertrain domain R&D base in Nanshan District, Shenzhen. The project will be used to construct the company’s own headquarters and R&D facility, as well as establish an integrated comprehensive testing platform.