Zhongde's phase II light-weight Al-Mg alloy NEV project to come on stream
2019-03-07 17:54:39 [Print]
Zhongde Group is racing to build the second phase (for general aviation) of the NEV light-weight Al-Mg alloy project and expects to put it into production before late March
. The project would have annual capacities of 400,000 transmission cases for NEV, 1 . 2 million parts for battery, engine and electronic control for NEV and 1 million Mg alloy wheels for intelligent transportation . 30% of the capacities would be equipped for general aviation . The annual value would be RMB1 billion (USD149 million) with tax of RMB140 million (USD20 . 87 million).