ECONOMY: Geekvape invested in a $1.55 billion industrial complex.

There is often talk about the state of the vaping industry and the difficulties encountered. However, some companies like Geekvape are doing very well. Indeed, the famous Chinese firm will invest in a large industrial park estimated at 1.55 billion dollars (10 billion yuan).

GEEKVAPE, A TRUE LEADER IN THE INDUSTRY?

On May 23 in China, a grand opening ceremony was held for the opening of the Zhuhai High-Tech Zone, an industrial park dedicated to Geekvape vaping technology and systems. The industrial park which covers an area of ​​about 219,000 square meters is estimated at 1.55 billion dollars (10 billion yuan). The large industrial park would cover basic research, lean research, product design, smart manufacturing, CNAS laboratory, supply chain management, product release. Geekvape, which already has great manufacturing and R&D skills, will be able to consolidate and strengthen its position as an industry leader thanks to this investment.

Geekvape Chairman Mr. Zhang Shengwei said, “Geekvape is a vigorous, innovative and dynamic organization with a pragmatic spirit. We will focus on planning and construction goals and continue to invest in building the park. Using top-notch design concepts, innovative planning and meticulous project management, Geekvape’s planning and design will serve as a model for promoting investment in Zhuhai Hi-tech Zone. » .

According to EcigIntelligence, a leading global vape website, Geekvape won “Most Popular Hardware Brand” in France, it topped the “Most Viewed Brands in Vape Stores” category with a score of 85%.

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