Ruike Electronics Secures 50-Year Land Use Rights for Industrial Development in Wenzhou

Reuters

2025/07/25

Ruike Electronics Secures 50-Year Land Use Rights for Industrial Development in Wenzhou

Ruike Electronics (Wenzhou) Co., Ltd., a wholly owned subsidiary of Erayak Power Solution Group Inc., has secured usage rights for a significant parcel of coastal and land area in Wenzhou's Longwan District. This strategic move, formalized through an agreement with the Wenzhou Longwan District Natural Resources and Planning Bureau, allows Ruike to develop the site for industrial purposes over the next 50 years. The project will facilitate the construction of a generator automation plant and an intelligent warehousing system, aiming to enhance production efficiency and delivery timelines, with completion anticipated by 2027. Ruike has invested RMB 17.57 million in these rights, with additional plans involving a preliminary construction project agreement with Zhongxia Construction Co., Ltd., valued at RMB 80 million. The initiative underscores Erayak's commitment to expanding its industrial footprint and advancing technological capabilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Erayak Power Solution Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-067476), on July 25, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Erayak Power Solution Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-067476), on July 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RAYA","symbol_name":"雷亞電子","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250725:nNDL7Tr92W:1","article_id":"2554642507","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554642507","pubTimestamp":1753443681,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ruike Electronics  Co., Ltd., a wholly owned subsidiary of Erayak Power Solution Group Inc., has secured usage rights for a significant parcel of coastal and land area in Wenzhou's Longwan District. 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