# Zhongde Group invests $42M in aluminum-magnesium alloy project

Shanxi Zhongde Investment Group plans to invest 300 million yuan (approx. $42 million) in a second-phase project to produce 2.6 million aluminum-magnesium alloy parts annually for new energy vehicles and general aviation, at its existing site in Changzhi, Shanxi.

- Type: Expansion
- Announced: 2020-04-29
- Where: Changzhi, Shanxi, China
- Value: $42.0M (300.0M CNY)
- Status: announced
- Capacity: 2.6 million units per year
- Products: aluminum-magnesium alloy parts, transmission housings, wheel hubs
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Shanxi Zhongde Investment Group](https://endata.com/companies/46873.md)
- [Shanxi Zhongde New Material Technology](https://endata.com/companies/46874.md)

## Sources

- [al.iyunhui.com](https://al.iyunhui.com/news-236681/), 2020-04-29: "山西中德投资集团有限公司拟在现有厂址内新建2个车间，并改造利用现有1个车间，投资30000万元，实施中德新能源汽车轻量化铝镁合金（通航配套）二期项目"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.