The People's Government of Mianchi County successfully signed a contract with Nanjing Bangshun Precision Machinery Technology Co., Ltd. to establish a project for the annual production of 500,000 commercial cast aluminum alloy wheel hubs in the Advanced Manufacturing Industry Development Zone. The total investment in the project is 120 million yuan, covering an area of 35 mu. In collaboration with Henan Xigetenghua New Materials Co., Ltd., the products will be used in new energy vehicles such as commercial vans and buses. The project is expected to generate an annual sales revenue of 400 million yuan, with profits and taxes totaling approximately 40 million yuan.