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Erayak Power Solution Group Incorporation Class A ( (RAYA) ) has provided an update.
On February 19, 2025, Erayak Power Solution Group Inc.’s subsidiary, Ruike Electronics, secured a 50-year land and sea area usage rights contract in Wenzhou for industrial development. This strategic move includes constructing a generator automation plant and intelligent warehousing system, with completion expected by 2027. In March 2025, Ruike paid RMB 17.57 million for these rights and entered a preliminary construction agreement with Zhongxia Construction Co., Ltd. for RMB 80 million. These agreements mark significant capital investments in infrastructure, enhancing Erayak’s operational capabilities and market positioning.
More about Erayak Power Solution Group Incorporation Class A
Erayak Power Solution Group Inc. operates in the power solutions industry, focusing on the development and production of generator automation and intelligent warehousing systems. The company is based in Wenzhou, Zhejiang Province, China, and is committed to enhancing production efficiency and delivery timelines through industrial development projects.
Average Trading Volume: 5,460,564
Technical Sentiment Signal: Sell
Current Market Cap: $9.34M
Learn more about RAYA stock on TipRanks’ Stock Analysis page.