Jiangte Motor will develop medical park project

Jiangte Motor signed an investment contract with the Yuanzhou Pharmaceutical Industrial Park Management Committee of Jiangxi Province. The company plans to purchase 100 acres of land at Binjiang Special Machinery and Electronic Industry Base in Yuanzhou Pharmaceutical Industry Park of Jiangxi Province at a price of RMB 136,000 per mu, divided into two. Investment in the construction of a lithium carbonate production project with a total investment of 150 million yuan, a construction period of May 2012, and a construction period of 1 year.

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