Yongmaotai invests 400 million yuan to build a new magnesium-aluminum alloy material project.

Yongmaotai announced that its wholly-owned subsidiary, Anhui Components, plans to invest approximately 400 million yuan to build a magnesium-aluminum alloy new material intelligent manufacturing project for automotive and robotic components in Guangde City, Anhui Province. The project is expected to have a construction period of 24 months and will include land acquisition, construction of production plants, and procurement of production equipment.