Mingteng International Corporation Inc. (NASDAQ: MTEN) completed the relocation of its production operations to a newly built facility in Wuxi, China, in December 2025. The company announced the completion on January 14 2026, marking a key milestone in its mid‑to‑long‑term development strategy.
The new plant doubles the floor area of the company’s workshop and is equipped with high‑precision CNC machining centers, a 50‑ton overhead crane, advanced clamping systems for die‑casting molds, and state‑of‑the‑art electrical discharge and wire‑cutting equipment. The upgrade is expected to lift mold‑production capacity by 50% and provide a more flexible production layout.
The expansion aligns with MTEN’s pivot toward new‑energy vehicle (NEV) components, a segment that is projected to grow faster than the broader automotive market. By increasing capacity, the company aims to capture rising demand for high‑precision casting molds used in both internal‑combustion engine components and NEV powertrains, while also creating a more attractive environment for technical talent.
MTEN’s financial performance in the most recent fiscal year underscored the urgency of the expansion. Revenue grew 23.0% to $X million, while the company posted a net loss of $5.68 million and a net margin of –63.07%. Gross margin stood at 30.3%, and the machining‑services segment, which grew 327.6% year‑over‑year, became the second‑largest revenue contributor. The expansion is intended to improve operational efficiency and help the company move toward profitability.
Investors have expressed caution, citing the company’s unprofitability, negative margins, and high stock volatility. Despite these concerns, the announcement of the expanded capacity signals MTEN’s commitment to long‑term growth and its confidence in the NEV market.
‘This relocation of production base represents a key milestone in our mid‑to‑long‑term development strategy,’ said Yingkai Xu, chairman and CEO. ‘The capacity boost will support our strategic pivot toward new‑energy vehicle components and help attract technical talent.’
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