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Guangzhou Development (600098.SH) subsidiary plans to invest 583 million yuan to build the Xiushan Longfengba Photovoltaic Power Generation (Phase II) Project

Zhitongcaijing·12/15/2025 12:33:13
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Zhitong Finance App News, Guangzhou Development (600098.SH) announced that in order to optimize the company's NEV industry layout, build one million NEV bases in the southwest region, and promote the high-quality development of the NEV industry, Guangzhou Development New Energy Group Co., Ltd. (“New Energy Group”), a wholly-owned subsidiary of the company, plans to invest in the construction of the Xiushan Longfengba PV (Phase II) project, with a total investment of about 583 million yuan.

The New Energy Group's investment in the construction of the Xiushan Phase II project can expand the company's influence and demonstration effect in Chongqing, achieve “one step at a time”, and lay the foundation for subsequent project development. At the same time, the company has invested in the construction and operation of several projects in the southwest region. The construction of the Xiushan Phase II project will help the company build a new energy industry brand, build one million new energy bases in the southwest region, achieve large-scale development, improve operational efficiency, and promote high-quality development of the new energy industry.