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Future development
2024.08.29
Hunan JAFAUTO Technology Co., Ltd., jointly invested by Ningde Contemporary Electric Technology Co., Ltd.(cETL) and Jiaxing Qianji Private Funds Co., Ltd., signed an agreement in 2024 to invest 5 billion yuan to build new Smart Electric Vehicle (SEV) headquarters, R&D and production bases. Phase I plans to invest 200 million yuan for headquarters and R&D and production base, with an expected annual revenue of 800 million yuan; phase Ⅱ plans to invest 4.8 billion yuan for a SEV base with an annual output of 500,000 vehicles. After reaching designed capacity, it is expected to generate an annual output value of over 10 billion yuan and an annual tax revenue exceeding 300 million yuan.
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