Invest approximately 180 million RMB to construct a high-performance ferrite soft magnetic production project with an annual output of 8000 tons
June 2024, preliminary preparation work
Sept 2024, the registration of Lianfeng Magnetic Industry (Thailand) Co., Ltd. has been completed
By the end of 2024, complete the relevant procedures for land purchase and property transfer
2025 - 2026, factory construction and equipment procurement
2027, the first batch of products will be put into production
