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The signing ceremony of the Intelligent Power Supply Device R&D and Manufacturing Base project between Torch Industrial Group and Shenzhen Aquilstar Technology Co Ltd was held on March 15.

Founded in 2016, Aquilstar is a high-tech enterprise specialized in the R&D and manufacture of third-generation semiconductor consumer charging devices and energy storage devices.

With a proposed investment of 800 million yuan, Aquilstar's intelligent power supply device R&D and manufacturing base project is expected to generate an added output value of over 1 billion yuan and tax revenues of over 50 million yuan at its full capacity.