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On November 19, 2019, Liu Lin, Director of the Publicity Division of the Head Office of China CITIC Bank, and the media delegation from Xinhua News Agency and China Securities News, etc. arrived DEREN Electronics to visit and guide, and held cordial talks with Qiu Jianmin, Chairman of DEREN Electronics, and other company leaders.
The delegation from China CITIC bank and the media entered the exhibition hall and workshops of DEREN Electronics, to have a detailed understanding of the Company's products and production processes. Chairman Qiu Jianmin emphatically introduced DEREN's automobile electronic products——high-end automobile wiring harnesses and new energy on-board chargers to them. He pointed out that the development of new energy vehicles is a trend, and the demand for these products in the future market will also be greater and greater.
During the talks with the media delegation, Chairman Qiu Jianmin talked about the difficulties in financing faced by the company under the background of the increasing downward pressure on the economy and Sino-US trade friction in 2018. China CITIC Bank gave DEREN Electronics a new loan at the first time, effectively alleviating the situation of capital constraints at that time, helping the company reduce the pledge rate of shares, thus fundamentally solving the financing difficulties of the company. After obtaining the credit support, the company accelerated the expansion of the production line of META new energy on-board charger business, and its new energy on-board charger products have established a global industry-leading position, promoting the rapid development of the new energy vehicle industry.
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