On the evening of August 2, 2022, China's leading manufacturer of motor core components and lithium battery precision structural parts: NBZY Precision Technology Corporation announced that:
The company plans to invest in the construction of new energy vehicle power system core components projects in Taicang, Jiangsu, and invest in the construction of new energy power battery structural parts production base projects in Zhaoqing, Guangdong, with a total investment of RMB 1 billion.
NBZY said that this foreign investment is to improve the company's production capacity in the field of motor iron core parts and new energy power lithium battery precision structural parts manufacturing, expand effective production capacity, better meet the needs of customers for supporting production capacity, and increase the company's market share. rate and brand influence.
NBZY was established in 1989 and was officially listed on the Shanghai Stock Exchange in March 2018. It has two major business segments including precision progressive stamping die business and downstream precision structural parts business, of which precision structural parts include motor cores and power. Lithium battery precision structural parts.
Customers include CATL, BYD, Gree, Midea, Haier, Inovance, Panasonic, Highly, Diancang, Siemens, Schneider Electric and many other well-known enterprises at home and abroad.
The motor iron core is an important part of the drive motor of the new energy vehicle, which directly affects the working efficiency of the motor; the harsh working conditions of the automobile promote the development of the iron core stator to thin sheets, which puts forward higher requirements for the mold development capability.
With its superb mold development capabilities, NBZY will exceed 800,000 sets of new energy motor iron cores in 2021, covering more than 70% of domestic high-end customers.