【SMM Aluminum Flash News】Xinbo New Energy to Invest 100M Yuan in High-End Aluminum Parts for EVs
On May 14, Xinbo Co., Ltd. announced that its subsidiary, Xinbo New Energy, plans to invest in the construction of a "New Energy Vehicle Parts Production Project with an Annual Output of One Million Sets of Lightweight High-End Aluminum Components." The project has a planned total investment of approximately 100 million yuan and an estimated construction period of 6 months. The implementation of the project will help the company break through its original photovoltaic aluminum frame business and accelerate its expansion into the new energy vehicle parts market, which has higher technological barriers and greater added value.