Haomei New Materials and Lingyun Co., Ltd. have announced plans to establish a joint venture in Morocco with an initial registered capital of 100 million yuan. Under this partnership, Haomei New Materials will hold a 49% stake, while Lingyun Co., Ltd. will hold the remaining 51%. The primary objective of this joint venture is to bolster supply capabilities for new energy battery cases, catering to the burgeoning demands of the European and North African markets.
