Huazhong In-vehicle plans more automationBusiness | 11 Apr 2019 3:20 pm
Huazhong In-vehicle (6830) said first quarter orders were stable compared with the first quarter of last year.
The company said it is looking for merger and acquisitions opportunities in auto electronics, new materials for autos, and auto accessories.
About 30 percent capital expenditure will be for automation upgrades and Fiona Lu, the investor relations manager, said this could help to reduce labor costs. At one factory staff in a production line has been cut to one person.