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Aluminum Era, a subsidiary of New Aluminum Era, is poised to ink a deal with the Management Committee of Chongqing Nanchuan Industrial Park, pledging an investment of no less than 500 million yuan. This substantial investment will fund the construction of a project designed to annually produce 800,000 sets of lightweight and high-strength components for new energy vehicles. The project's scope encompasses production lines for battery trays and robust automotive parts. The financing for this venture will be sourced from the company's internal resources and self-raised funds. The construction timeline is ambitious, with groundbreaking set to commence within a month of acquiring the land, followed by the completion of the building within 12 months, and the installation of equipment with production commencing within an additional three months.
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