September 26, 2024 , we celebrated the groundbreaking ceremony for our new headquarters and manufacturing base, which will specialize in the production of distributed drive systems and EMB (Electro-Mechanical Brake) systems.

This exciting project covers approximately 30 acres and includes a construction area of about 51,968 square meters.

CDTL’s goal is to create a smart factory dedicated to the mass production of distributed drive systems, thereby enhancing our manufacturing capabilities in both distributed drives and EMBs, ensuring a steady supply for valued customers.

CDTL Chairman, Mr. Luo Xunqiang, highlighted that the launch of the "20,000 units of distributed drive systems and 100,000 units of EMB per year" project is a significant milestone for CDTL and a pivotal step towards our global strategic development. This initiative will help us achieve rapid breakthroughs in capacity, brand image, and market channels, further elevating our competitiveness on the global stage.

Mr. XuFeng , Executive Director and President of Xingzheng Capital, our lead investor of series A, delivered a speech at the event, praising our achievements in the field of wire-controlled chassis technology for zero emission vehicles. He noted: "In just a few years, under the leadership of Mr. Luo, CDTL’s team has transformed cutting-edge wire-controlled chassis technology from initial testing to serial production, from a single-scenario breakthrough to application in comprehensive ,across multiple scenarios, setting numerous milestones in China and globally.

Mr. Xu Feng of Xingzheng Capital; VIP guests Mr. Chen Ningzhang, Mr. Zhang Weihong, Ms. Liu Qiaoyan, and Ms. Yu Chunjie; as well as representatives from Xingzheng Capital, Jianxin fundation, and other institutions attended the groundbreaking ceremony.

This new project represents our commitment to expanding our production capabilities and bringing our technologies to a broader range of applications, aligning with the growing demand within the zero-emission vehicle industry for efficient and reliable technologies and components.