Chunxing Precision's wholly-owned subsidiary plans to invest in the establishment of a magnesium-aluminum alloy company

Suzhou Chunxing Precision Machinery Co., Ltd. recently announced that its wholly-owned subsidiary, Anhui Chunxing Light Alloy Technology Co., Ltd., plans to invest in and establish a wholly-owned subsidiary, Jinzhai Chunxing Magnesium Aluminum Alloy Co., Ltd. This investment, based on the actual development needs of the automotive industry, aims to further optimize the profitability of the company's automotive parts business.