Baowu Magnesium's subsidiary signs development agreement with automaker

In March 2024, Chongqing Bio Magnesium Aluminum Metal Manufacturing Co., Ltd., a subsidiary of Baowu Magnesium, signed a development agreement for ultra-large magnesium alloy one-piece die-castings with a well-known automobile manufacturer. This cooperation marks the recognition of magnesium alloy one-piece die-casting by automotive customers and is of great significance to the expansion of magnesium applications in the automotive field. After it is put into use, the amount of magnesium used in bicycles will increase significantly, which is an important milestone in the development history of the magnesium industry.