Monday, December 11, 2023

Junchuang North America is investing $21 million to build a new research and manufacturing facility in Fort Worth

Junchuang North America Inc., a technology solutions provider to the electric vehicle (EV) market, is investing $21 million to build a new manufacturing and industrial facility in Fort Worth. The 55,000-square-foot facility will also serve as the company’s research and development (R&D) center for North America. The expansion is expected to create more than 120 jobs by 2025.

The strategic location, strong business environment and skilled workforce were cited as key factors in Junchuang’s decision to choose Fort Worth for its new facility. The company’s goal is to contribute to the growth of the local economy, guided by the city’s commitment to technological advances and sustainable solutions.

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The new facility will focus on developing state-of-the-art technical solutions to support the electric vehicle market. Junchuang’s products will use lightweight plastic materials instead of traditional materials like steel, contributing to the trend towards lightweight cars and helping to achieve carbon neutrality goals.

Junchuang North America already has partnerships with established brands such as Jaguar, Land Rover, Ford and Mazda. The company is also a supplier to major electric vehicle manufacturers in the US, Europe and China.

The Fort Worth Economic Development Association played a key role in facilitating and managing various aspects of the development process for Junchuang North America. The association’s collaboration with the city’s economic development team and Stream Realty was instrumental in ensuring the expansion.

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The addition of the North American facility in Junchuang strengthens Fort Worth’s position as a major hub for sustainable energy, including electric vehicles. The city’s growing presence in the electric vehicle industry will be further strengthened by the upcoming MP Materials plant in Fort Worth and the nearby GM assembly plant in Arlington.

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