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

Published: May 15, 2026 16:48

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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.

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