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Shengfeng Development Completes Ningde Logistics Center
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Shengfeng Development Completes Ningde Logistics Center
Dec 18, 2024 7:54 AM

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.

Price: 1.04, Change: -0.01, Percent Change: -0.95

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