On May 29, the groundbreaking ceremony for Gaokin Precision's manufacturing project took place in Yufu New City, Liangjiang New Area, Chongqing.
The project, developed by Chongqing Gaokin Precision Technology Co., Ltd., represents a total investment of nearly RMB1 billion (USD147.50 million). It plans to construct an approximately 100,000-square-meter intelligent production workshop along with supporting R&D facilities. Focusing on the R&D and large-scale production of high-end precision components, aluminum alloy castings, and specialized molds, the project is expected to achieve an annual output value of RMB2 billion (USD294.99 million) upon reaching full operation.
