Zhitong Finance App News, Furande (605050.SH) announced that the company, Wuhu Foster Intelligent Manufacturing Co., Ltd., a wholly-owned subsidiary of the company, and Wuhu Freide Intelligent Manufacturing Co., Ltd., a holding subsidiary of the company, intend to sign a “Project Investment Contract” with the Wuhu Economic and Technological Development Zone Management Committee to invest in the construction of automotive steel unloading, stamping, thermoforming, and integrated die-casting projects in the Wuhu Economic and Technological Development Zone. The total investment of the project is about 1.2 billion yuan.

According to reports, the purpose of this investment is to rely on the advantages of the Wuhu New Energy and Intelligent Connected Vehicle Industry Cluster, improve the R&D and innovation system through investment in the processing site and software and hardware facilities of the project, introduce high-end technical talents, further enhance the company's new products and processes, and optimize the company's product structure while expanding the company's business scale. Furthermore, this investment is conducive to improving the company's ability to serve downstream customers, providing customers with a full range of products and services, and improving customer satisfaction.