Novelis invests $180M in second phase of Changzhou plant

Novelis is investing $180 million in the second phase of its Changzhou, China plant, expected to be completed by end of 2019, doubling capacity to supply aluminum plates for electric vehicles including Tesla's Shanghai plant.

“Today, when there are clouds gathering over the u.s.-china economic and trade relations, our original intention of increasing investment in China remains unchanged.”yabaoaluminum.com

• 1 source
• yabaoaluminum.comUs Aluminum Giant Steps Up Investment In China - News - YABAO Industrial Co.,LtdMay 23, 2019

Summarized from public sources; check the original articles before acting on it.