Why did TPV withdraw its Beihai factory?

TPV’s Beihai factory was withdrawn due to the company’s high production costs. According to relevant information, TPV's Beihai factory started trial production in September 2011, officially launched production on January 1, 2012, and closed its factory in Beihai on November 7, 2022. Competition among factories is fierce. In order to obtain labor, factories have set up high wages and complete employee welfare benefits, which has virtually increased corporate costs. At the same time, the impact of the epidemic has led to a decrease in the profits of TPV Beihai factory, which cannot support the entire factory. operations. TPV Technology Group is a global high-tech enterprise, mainly engaged in the research and development, manufacturing and sales promotion of LCD monitors, LCD TVs, and AIO all-in-one machines.