Tiancheng Automation: It plans to set up a Wuhan subsidiary with 50 million yuan to deploy the new energy vehicle seat business

Tiancheng Automation announced on July 8 that the company plans to invest in the establishment of a subsidiary with a registered capital of 50 million yuan
.
The business scope of the subsidiary includes the manufacture and sales of vehicle seats, aircraft seats, railway locomotive seats, ship seats and interior parts, fasteners, auto parts, electrical instruments and meters, textiles, plastic products, and rubber products; child seats Design, production and sales of chairs; self-operated and agency import and export business of various commodities and technologies
.
The company plans to acquire land for self-built workshops by participating in public bidding, auction and listing, and build a supply capacity of 200,000-300,000 sets of new energy vehicle seats per year; before the completion of the purchase of land and self-built workshops, the company will use leased workshops to build production lines to meet the company's production and operation.
need
.

This foreign investment is in line with the company's long-term development strategic plan, which is conducive to enhancing the company's new energy vehicle seat production capacity and supporting capacity for new energy vehicle seats in Wuhan and surrounding areas, and enhancing the company's comprehensive competitiveness in the new energy vehicle seat industry.
And industry position, to further consolidate and expand the company's competitive advantage
.