Huada Automotive Technology to invest in aluminum alloy casting project

Huada Automotive Technology Co.Asian Metal Copyright97 million.Asian Metal Copyright, Ltd.Asian Metal Copyright With total investment estimated at RMB1.Asian Metal Copyright plans to set up a wholly-owned subsidiary Huaqi New Energy Technology (Jiangsu) Co.Asian Metal Copyright The first phase of the project would begin construction in September 2023 and become operational in May 2024, and the second phase would be put into operation step by step subject to production status.Asian Metal Copyright, Ltd.Asian Metal CopyrightHuada Automotive Technology Co.Asian Metal Copyright to develop a new energy materials casting project.

With total investment estimated at RMB1.05 billion (USD144 million), the project is scheduled to break ground at Jingjiang Economic and Technological Development Zone in Jiangsu.Asian Metal Copyright05 billion USD144 million, the project is scheduled to break ground at Jingjiang Economic and Technological Development Zone in Jiangsu.Asian Metal Copyright The first phase of the project would begin construction in September 2023 and become operational in May 2024, and the second phase would be put into operation step by step subject to production status.

The main products of the project include battery case, shock tower, front and rear longitudinal beam, car floor, body structural parts, wheel hub, motor, electric drive, and integrated die-casting of car body. When fully operational, the project will have a total production capacity of 60,000tpa and is expected to achieve annual production and sales revenue of more than RMB2 billion (274 million), along with tax revenue of RMB350 million (USD47.Asian Metal Copyright, Ltd.Asian Metal Copyright97 million).

.Asian Metal Copyright05 billion USD144 million, the project is scheduled to break ground at Jingjiang Economic and Technological Development Zone in JiangsuAsian Metal Copyright