Guilin Fuda (SHA:603166) plans to invest in the construction of two projects related to robotics and new energy vehicles' (NEV) parts in China's Pinghu Economic and Technological Development Zone, according to a Shanghai bourse filing on Thursday.
The projects are for a high-precision gear for new energy vehicles' electric drive systems and a robot transmission joint component.
The projects are still in the initial stage, and the final amount is yet to be determined, the Chinese auto parts manufacturer said.
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