Lightweight Al-alloy wheel hub project with over RMB1 billion investment lands in Jiangsu

On September 2, a flagship manufacturing project for lightweight aluminum alloy wheel hubs--with an annual capacity of 800,000 units and a total investment exceeding RMB1 billion (USD148.85 million)--was officially signed and will be located in Xuyi County, Jiangsu Province.

The project is being developed by a leading enterprise in the general CNC machine tool sector, headquartered in Wenzhou, Zhejiang Province. Covering 172 mu (approximately 11.5 hectares) with a planned floor area of 80,000 square meters, the facility will produce a full range of wheel hub products for both passenger and commercial vehicles. Upon full operation, the project is expected to generate an annual output value of over RMB1 billion (USD148.85 million).