[continue to expand EPS production capacity in China ZF Shanghai Phase II new plant completed] May 27, Zaifu official news, May 26, ZF Automotive Technology (Shanghai) Co., Ltd. the completion of the second phase of the new plant and the Zaifu Group Asia Pacific steering product line 20 million sets of Electronic Power steering products (EPS) off-line ceremony was held in Shanghai. The new plant under construction plans to add about 6000 square meters of construction area to the original facilities, and more than 4000 square meters of construction has been completed. The total investment of the project is 320 million yuan to expand the production of Mobil EPS products. In 2024, new EPS sales are expected to increase by more than 1 billion yuan over 2022.