Zhongchuang Magnesium's new energy vehicle parts project settled in Changde
2018-07-05 17:02:09 [Print]
Shenzhen Zhongchuang Magnesium Engineering Technology Co., Ltd. signed an agreement on its project of key parts of new energy vehicles on July 3rd in High-Tech Zone in Changzhou, Jiangsu.
The project will be invested about RMB110 million and will construct production lines to produce magnesium alloy trays of batteries for 10,000 electric vehicles per year. It's expected that the project could realize annual sales income of RMB250 million within three years after the construction is finished with annual taxes to be RMB30 million.
Yang Yi, the Secretary of Commission of Dingcheng District and Party Secretary of the Party and Labor Committee of High-Tech Zone, hoped that Zhongchuang Magnesium will successively set up magnesium alloy deep-processing base, magnesium alloy plate and strip processing projects and others in High-Tech Zone to establish a magnesium alloy industrial park and stimulate the development of new material industry there.
The project will be invested about RMB110 million and will construct production lines to produce magnesium alloy trays of batteries for 10,000 electric vehicles per year. It's expected that the project could realize annual sales income of RMB250 million within three years after the construction is finished with annual taxes to be RMB30 million.
Yang Yi, the Secretary of Commission of Dingcheng District and Party Secretary of the Party and Labor Committee of High-Tech Zone, hoped that Zhongchuang Magnesium will successively set up magnesium alloy deep-processing base, magnesium alloy plate and strip processing projects and others in High-Tech Zone to establish a magnesium alloy industrial park and stimulate the development of new material industry there.
Magnesium Alloy AZ91D FOB China
Unit:USD/mt
China magnesium alloy producers' sales volume statistics by month
Unit: mt
