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Minieye Technology Co., Ltd. Class H ( (HK:2431) ) just unveiled an announcement.
Minieye Technology Co., Ltd announced that its wholly-owned subsidiary, Tongxiang Wuzhen Minieye, has entered into a construction agreement with Henan Gejiu Construction for a new project. This project involves the construction of facilities with an annual production capacity of 600,000 units of intelligent driving assistance products. The construction will take place in Wuzhen Town, Tongxiang City, covering a total area of approximately 57,784.03 square meters, and is expected to be completed in 550 days. This development marks a significant expansion in Minieye’s production capabilities, potentially strengthening its position in the intelligent driving assistance market.
More about Minieye Technology Co., Ltd. Class H
Minieye Technology Co., Ltd is a company based in the People’s Republic of China, operating in the technology sector. The company specializes in intelligent driving assistance products, focusing on enhancing vehicle safety and automation.
Average Trading Volume: 1,683,908
Technical Sentiment Signal: Strong Buy
Learn more about 2431 stock on TipRanks’ Stock Analysis page.