On August 17, 2021, China's leading precision parts and components manufacturer: SZGD Precision Machinery Technology Group issued an announcement:
Based on the market prospects of precision mechanical parts in the fields of new energy wind power, rail transit and other high-end equipment manufacturing and the company’s advanced technical strength, in order to further increase the company`s product market share, enhance the company`s profitability and anti-risk capabilities, the company decided to invest 2.2 billion Yuan builds a large-scale high-end equipment core precision parts project for the finishing production of large gearbox parts for wind turbines and other precision mechanical parts. The estimated construction period is 24 months.