On June 30, the ground-breaking ceremony of Suzhou Lvkon New Energy S&T Co., Ltd. (hereinafter referred to as Lvkon) was held in Suzhou Industrial Park.

As a subsidiary invested by Suzhou Green Control Transmission Technology Co., Ltd. with registered capital of 120 million yuan and total investment of 360 million yuan, Lvkon will mainly focus on R&D, production and marketing of new-energy automobile power systems, vehicle control units, transmission units, automobile electronic-controlled systems and related components. And in the future, this subsidiary of planned 55,000-square-meter R&D and production facilities may gradually be uplifted as the R&D center and headquarters of the parent company.

According to Li Lei, General Manager of Lvkon, the establishment of the Lvkon will help Green Control to improve its R&D and production capacity, and at the same time, Lvkon will redouble efforts to cooperate with relevant enterprises in SIP to advance the development of SIP's new energy industry.