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Greenway: New production site planned for € 236 Million

Greenway: New production site planned for € 236 Million

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  Greenway announced plans to establish a new R&D center and a production plant for battery cells and energy storage in Dongguan, China.

  The new investment is projected to use 4,26 hectares of land and is budgeted with 1.7 billion yuan, roughly € 236 Million. After starting operations, the annual revenue is expected to reach 2 billion yuan (€ 278 Million), with an estimation of 63,99 million yuan (€ 8,8 Million) on tax.