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In November 22nd, 2018, Ningbo Municipal Government hold the Ningbo City and Industry Promotion Event in Rome, with the assistance from Sino-Italian Intelligent Manufacturing Technology Promotion Centre in organizing the event. 22 leading Italian companies in automotive, industry robot, precision machine tool, new energy, etc., associations, universities and institutes participated in the event at the invitation from the Centre. Phase Motion Control Ningbo and Phase Motion Control S.p.A signed the Contract on Development of New Energy Vehicle Powertrain, whose investment is RMB 500M, in front of Mr. ZHENG Shanjie, Deputy Secretary of CPC Zhejiang Provincial Committee and Secretary of CPC Ningbo and Mr. Michele Geraci, Municipal Committee and Undersecretary of State, Ministry of Economic Development. The project will conduct development of new energy vehicle powertrain in Italy and its industrialization in Ningbo.
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