Longway Network Energy, a subsidiary of Longway Co., Ltd. (301202.SZ), plans to build a data center prefabricated module project with a total investment of 1.5 billion yuan

Zhitongcaijing · 11/26 11:25

Zhitong Finance App News, Longway Co., Ltd. (301202.SZ) announced that Ningbo Longway Network Energy Co., Ltd. (“Longway Network Energy”), a wholly-owned subsidiary of the company, and the Ningbo Qianwan New Area Management Committee (“Qianwan New Area Management Committee”) intend to sign an “Investment Agreement” to invest in the construction of a data center prefabricated module project, with a total investment of 1.5 billion yuan.

The project uses about 183 acres of land. The land use is industrial land. The proposed sites are within the following ranges: the west side to Ningbo Zhongxin Semiconductor Co., Ltd., the north side to Chaopu Road, the east side to Zhanjiang River, and the south side to Yinwan East Road.

According to reports, this investment is based on the growing demand for prefabricated modular data centers in the global market, the company's overall strategic layout and business development needs, to carry out a data center prefabricated module project through the established subsidiary Longway Network Energy.