Manufacturer Jiangsu Hengyi Industrial Technology Co Ltd – based in the Jingjiang Economic and Technological Development Zone, located in Taizhou city in East China's Jiangsu province – is currently going all out to boost production.
Technicians operate Jiangsu Hengyi Industrial Technology Co Ltd's bustling workshop. [Photo/share.mytaizhou.net]
The high-tech enterprise has allocated 90 percent of its current production capacity to the new energy vehicles sector.
Last year, the company hit sales of 1.33 billion yuan ($183.52 million) for its output of new energy vehicle-related products.
During the first half of the current year, production and sales efforts focused on energy storage projects and third-generation battery boxes for light trucks.
"Our plant began production in July last year and we now manufacture the third generation of light trucks. We're experiencing steady growth, producing around 40 to 50 units per day," said Chen Yiping, head of operations at the company.
Chen added that they aimed to reach a production capacity of 3,000 units in July, targeting 40,000 for the year.
Group production director Chen Gang stressed the need to accelerate the progress of new projects to ensure timely production.
Additionally, the company aims to consolidate its market share among existing customers and achieve growth in the stock market. These endeavors form the basis for its ambitious sales target of 1.5 billion yuan for the current year.