In a bid to expand production capacity, Jinma Rides is planning on building regional headquarters in Wuhan, China.
Earlier this year, the company signed an investment framework agreement with both the Wuhan district government and a construction firm. A District Entry Agreement was also signed a month later. Under the agreement, hundreds of millions of Chinese yuan are due to be spent on the construction of the new production base.
The new facility is expected to house an R&D centre, entertainment production workshops, a VR smart manufacturing area, an R&D test base, and other facilities for advanced production. The site is expected to expand for around 13 hectares.
The company’s domestic production bases and subsidiaries are currently all located in the southern region of China.
Opening headquarters in the commercial city of Wuhan is seen as a strategy by Jinma Rides to further infiltrate markets and enhance its presence across all regions in China.