Nengquan Electrical Technology (Xichou) Co., Ltd.

Nengquan Electric Technology (Xichou) Co., Ltd. was established in September 2020 and is the main operating entity of Xichou County Lighter Industrial Park. The project covers an area of ​​1,100 acres and has an estimated total investment of 2.05 billion yuan. The company is a comprehensive industrial chain that integrates product research and development, production and assembly, display and trading, and logistics distribution of high-end and low-end lighters. After the project is completed, it can achieve a daily production of 10 million lighters. It mainly produces electronic lighters (including open flame machines, windproof machines, direct punch machines), grinding wheel lighters, ignition guns, spray guns and other products. After the project is put into production, 90% of the products will enter the global international market. The first-phase project covers an area of ​​530 acres and will be constructed with standard factory buildings, office and business buildings, affordable housing, supporting facilities and equipment, and greening. The estimated investment is 1.2 billion yuan. The first-phase project has been completed and put into operation in October 2022. The second-phase project covers an area of ​​580 acres, including a R&D center, exhibition center, trading center, logistics center and related supporting facilities. The estimated investment is 850 million yuan, and the second-phase construction will start in September 2023. According to the company's three-year development plan, it will achieve a daily production of 3 million lighters this year, 6 million daily lighters next year, and 10 million daily lighters in 2025.