On January 2, 2024, the mobilization meeting for the first batch of major projects in Anhui Province was held at the Wuhu branch of the AUX Intelligent Air Conditioning Compressor Production and Construction Project. The Secretary of the Wuhu Municipal Party Committee, Ningbo, announced the start of the first batch of major projects in the city in 2024. Xu Zhi, Deputy secretary of the Municipal Party Committee and mayor of Wuhu, made a speech. Li Jian, CEO of AUX Group, and other relevant officials attended the event.
Mayor Xu Zhi pointed out in his speech that all levels and departments should focus on projects and investments with a stronger sense of responsibility, and plan projects with a more forward-thinking mindset. We must provide high-quality, convenient, and efficient full process management services, and make every effort to promote early start, production, and integration of projects.
The annual production of 30 million intelligent air conditioning compressors by AUX is expected to be completed and put into operation in March 2025, with a total investment of about 5 billion yuan. After reaching production, the annual revenue will exceed 6 billion yuan, directly creating 3,000 job opportunities. The project only took 16 days from land acquisition to construction, fully demonstrating the "speed of AUX".
AUX will always adhere to the globalization strategy, based on its local foundation, further expand its overseas and domestic layout, focus on business, and focus on core development key factors such as location advantages, industrial chain support, operating costs, and convenient transportation, rooted in Ningbo and expanding globally.
In 2024, AUX will continue to deeply cultivate domestic and foreign markets, plan to build 12 more production bases and sales companies, form a global industrial chain matrix, and inject new vitality into AUX's globalization strategy process.
