Nanjing Yunhai Special Metals Co., Ltd. released an announcement that the company won the industrial real estate and part of the machinery and equipment located on the west side of Feng Yang Avenue, Xuyi Economic Development Zone, Huaian City, Jiangsu Province, auctioned by Gaoyou Court of Jiangsu Province, with a total price of 84,641,900 yuan.

Yue Ma Wheel Hub was established in 2017, mainly engaged in wheel hub research and development, production and sales. Yunhai Metal said that forging aluminum wheel hub is one of the main development directions of wheel hub industry, which meets the requirements of energy saving, beautiful and personalized, and lightweight of automobiles. The bidding of assets is conducive to the development of the company's magnesium forging wheel hub project.