Rayhoo Motor Dies announced on June 17 that the company plans to make additional investment in the holding subsidiary Rayhoo Haobo, and Rayhoo Haobo will invest in the construction of "projects of precision forming equipment and lightweight parts for new energy vehicles". With the planned total investment of about RMB270 million (USD40.20 million), the project will have an annual production capacity of 266 sets of stamping dies for automotive high-strength plates and lightweight parts, and an annual production capacity of 22.61 million parts after reaching full production capacity.