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Xinbo Aluminum's Unit to Build Lightweight Aluminum Component Plant for 100 Million Yuan

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Anhui Xinbo Aluminum's (SHE:003038) unit, Anhui Xinbo New Energy Vehicle Parts, plans to invest in the construction of a lightweight aluminum component factory for 100 million yuan, according to a Friday disclosure on the Shenzhen bourse.

The factory will produce one million sets of lightweight aluminum components every year, including new energy storage side beam integration lines, battery tray production lines, automatic longitudinal beam production lines and bumper welding lines.

The project's construction is expected to run for six months, the filing said.

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