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The Rihuida Intelligent Manufacturing Base for Electronic Components project was signed on August 24 to settle in Torch Industries Group's industrial park.

Rihuida, based in Shenzhen, is a national high-tech enterprise engaged in the R&D, production and sales of professional camera batteries, power tool batteries, shooting handles, shooting fill-in lights, outdoor portable power supplies and other products. It is also a leading global digital battery manufacturer whose products are exported to Europe, America, the Middle East, Southeast Asia and other regions.

With a total investment of 370 million yuan, the Rihuida intelligent manufacturing base covers a land area of about 30 mu and has a building area of 70,000 square meters. The project includes two manufacturing and R&D centers and one staff living facility, with production lines for professional camera batteries, shooting and live-streaming equipment, portable power banks among others. At full capacity, it can produce over 35 million pieces (sets) of products per year, with an extra operating income of 600 million yuan and a total tax payment of 30 million yuan annually.