Vossen Manufacture (Thailand) Co., Ltd., a wholly-owned subsidiary of Zhejiang Jinfei Kaida Wheel Co., Ltd., plans to build a NEV aluminum alloy wheel hub project with a production capacity of 2 million pieces per annum at Thai-Chinese Rayong Industrial Zone, with the total investment estimated at RMB557 million (USD77.09 million). Construction of the project would take about two years, and when fully operational, the project is expected to achieve annual sales revenue of around RMB578 million (USD80 million).