【SMM Aluminum Flash News】Longyuan Invests $200M in New Energy R&D Center in Ningbo

Published: May 15, 2026 16:48

Save

Longyuan Co., Ltd. issued an announcement stating that, in order to further implement the company's development strategy and seize the market opportunities brought by the rapid development of the new energy vehicle industry, the company plans to invest in the construction of a "New Energy Three-Electric System and Lightweight Components R&D Center and Production Base Project" in Beilun District, Ningbo City. The project plans to use an area of approximately 40 mu (approximately 2.67 hectares) and the total investment is approximately RMB 200 million, of which approximately RMB 144 million is fixed asset investment.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

35 mins ago

LME Aluminum Inventory Falls 0.72% to 344,000 MT on May 15, Down 12.64% Over Past Month

[SMM Aluminum News Flash] On May 15, LME aluminum inventory was recorded at 344,000 mt, down 2,500 mt from the previous day, a decrease of 0.72%. Over the past week, LME aluminum inventory decreased by a cumulative 11,800 mt, a decline of 3.31%. Over the past month, LME aluminum inventory decreased by a cumulative 49,800 mt, a decline of 12.64%.

35 mins ago

1 hour ago

Declining Aluminum Prices Combined with Friday Restocking Led to Rising Purchase Sentiment in the Spot Market [SMM Spot Aluminum Midday Review]

1 hour ago

【SMM Aluminum Flash News】Xiamen Minfa Global Aluminum Established, Focused on High-Performance Metal Sales

According to Qichacha APP, Xiamen Minfa Global Aluminum Co., Ltd. was recently established, with a business scope including: sales of high-performance non-ferrous metals and alloy materials; sales of non-ferrous metal alloys; sales of metal materials; and sales of new functional metal materials. Qichacha's equity penetration analysis shows that the company is wholly owned by Minfa Aluminum (002578).

1 hour ago