Stock Track | MEIG Soars 5.39% Intraday on RMB 300 Million AI R&D and Advanced Manufacturing Investment

Stock Track

04/16

MEIG's stock price surged 5.39% during intraday trading on Thursday, following the company's announcement of a significant strategic investment in artificial intelligence research and development.

MeiG Smart Technology has committed RMB 300 million to build an AI Research and Development and Advanced Manufacturing Industry Project in Jiangsu Province. The investment agreement, signed with the Administrative Committee of Nantong City North Hi-Tech Zone, covers a 46-mu industrial site and includes plans for R&D facilities, laboratories, and advanced manufacturing workshops with automated production lines.

The company expects the new facility to enhance integration with its existing R&D bases and enable production of high-computing-power AI modules, ASIC servers, and in-vehicle SIP products. This strategic move is aimed at extending MEIG's capabilities from design through automated manufacturing, potentially positioning the company for future growth in the AI technology sector.

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