On October 15, the groundbreaking ceremony for the Foshan Deloop Magnetic Electric Company's headquarters and high-end manufacturing base project was held in Lishui, Nanhai.

Adjacent to Guangzhou, Lishui Town in Nanhai firmly champions the manufacturing industry, providing unwavering support to the real economy and offering comprehensive services to businesses. "The business environment here is exceptionally favorable, making it the prime choice for enterprise development," praised Wang Min, Chairman of Guangdong Deloop Magnetic Electric Technology Co., Ltd. He hopes that once the project is completed, it will emerge as a top-tier domestic hub for the research and production of magnetic components, sensors, and other electronic devices.

The project is situated to the north of Garden Avenue and to the east of Heshun Primary School Road. This project will be carried out in two phases with an estimated total investment of about 1 billion yuan. The plan includes the construction of one office building, five factory buildings, one dormitory building, and related facilities. The first phase is set to be completed by the end of 2024, with full-scale production expected to commence in 2027.

Foshan Deloop Electronic Technology Co., Ltd. is a subsidiary of Deloop Group, which is a leading supplier of electronic components for domestic and international electronic and electrical appliances companies.

Once completed, it will mainly engage in the manufacturing of semiconductor smart sensors, integrated circuit chips (MCU), electronic magnetic components, and high-performance electronic new materials. Its product range and R&D efforts align with the national development plan, specifically targeting next-generation information technology, sensors, energy-efficient new materials, and energy-saving devices.