Xinbo New Energy to invest RMB100 million in lightweight aluminum components project

Anhui Xinbo New Energy Auto Parts Co., Ltd., a subsidiary of Anhui Xinbo Aluminum Industry Co., Ltd., plans to build a 1-million-unit-per-year lightweight high-end aluminum component project for the new energy sector. The project has a planned total investment of approximately RMB100 million (USD15 million) and is expected to have a construction period of six months.