Ninebot (SHA:689009) plans to invest in a South China base for smart electric vehicles in Zhuhai City, Guangdong province.
The estimated total investment for the project is about 1.41 billion yuan, according to a Friday filing with the Shanghai Stock Exchange.
Project construction is expected to take 18 months.
The project is still in the preparatory stage, and the total investment, construction period, and other figures are all estimates, the filing stated.
Shares of the robotic transport company rose 5% in recent trade.
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