10:37 AM EST, 12/18/2024 (MT Newswires) -- Shengfeng Development ( SFWL ) said Wednesday that the Ningde Shengfeng Smart Logistics Center has been completed.
The facility will be mainly used to serve Contemporary Amperex Technology, a Shengfeng customer that operates in the battery manufacturing sector, the company said.
The Ningde Center was built with an investment of about 244.59 million Chinese yuan ($33.6 million), Shengfeng Development ( SFWL ) added.
Shares of Shengfeng Development ( SFWL ) were down nearly 1% in recent trading.
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