On the afternoon of August 11, 2020, the signing ceremony for the third manufacture base project and the national electric drive technology innovation center construction project was held in the Administrative Center of Beilun District, Ningbo. Liang Qun, Member of the Standing Committee of the Ningbo Municipal Party Committee and Secretary of the Beilun District Committee, Li Chunquan, Member of Standing Committee of Beilun District Committee, Pan Qunwei, Member of Standing Committee of Beilun District Committee and Deputy District Head, Hu Lihui, Vice Chairman of Beilun District Political Consultative Conference, Ren Wenjie, Chairman of Physis, Wang Dongsheng, Chairman of Ningbo Industrial Investment Industrial Investment Fund Co., Ltd., and other government leaders and business representatives attended the ceremony to witness this milestone moment.
Physis actively participates in the construction of Ningbo "246" trillion-level industrial cluster demonstration zone. It plans to deploy a third production base in Xiaogang Equipment Industrial Park and a national electric drive technology innovation center project in Binjiang New City, with a view to further expanding the leading advantage in the field of servo systems in China and broadening the field of competition in the international market. The third production base project is the equity investment project of the company. The construction content mainly includes: Automatic production lines for high-end CNC machine tools, production of explosion-proof motors for coal mine belt conveyors, and production of large cable car motors. The national electric drive technology innovation center project will be built into a technological highland with an internationally leading level, which leads the electric drive technology innovation and industrial development. A complete electric drive technology innovation chain, industrial chain system, and cross-border collaborative innovation ecosystem will be established and improved, and successfully incubated projects of by the innovation center will be commercialized and industrialized in Beilun "246" Industrial Demonstration Park.