Phoenix Contact, a global market leader and innovator in electrical engineering, registered a new energy vehicle (NEV) company in Lishui district, Nanjing city of east China's Jiangsu province.
The German company's NEV project will involve 30 million US dollars of total investment and become the company's second production base in China. Lishui owns a provincial NEV industrial base, which has a complete NEV industrial chain.
By now, several major NEV projects have been located in the base, including the projects launched by BYD (002594.SZ), Nanjing Golden Dragon Bus Co., Ltd. and Changan Automobile (000625.SZ).
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