On the morning of March 1, the off-highway recreational vehicles (OHRVs) project of Segway Technology Co., Ltd. started in the Wujin National High-tech Industrial Zone. Li Lin, deputy mayor of Changzhou and secretary of the CPC Wujin District Committee, attended the event.
The project has a total investment of 1 billion yuan and a planned area of 60,000 square meters, which will add over 100 sets of vehicle production lines, engine production lines and testing equipment. After the project is completed, it will have an annual production capacity of 80,000 OHRVs, with estimated sales revenue of 2.5 billion yuan and tax payment of 200 million yuan.
Segway is a wholly-owned subsidiary of Ninebot. Ninebot is the world’s leading provider of mobile robotics solutions. It ranks first in terms of intelligent short-distance transport products such as electric scooters, self-balancing hoverboards or electric skates. The new project in Wujin will further consolidate Ninebot's leading position in the short-distance transportation industry and support the high-quality development of Changzhou's strategic emerging industries.
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