Baosteel, Baowu Aluminum and Kobe Steel plan to jointly establish Baosteel Kobe Steel Automotive Aluminum Sheet (Shanghai) Co., Ltd.

Baosteel, Baowu Aluminum and Kobe Steel plan to jointly establish a company named Baosteel Kobe Automotive Aluminum Sheet in Shanghai, focusing on the research and development and production of automotive aluminum sheets. This cooperation will help integrate the advantageous resources of all parties, promote the innovation and development of automotive aluminum sheet technology, and provide strong support for automobile lightweighting.