Amsted Automotive forms joint venture with Anhui HOFO in China

Amsted Automotive formed a joint venture with Anhui HOFO Mechanical and Electrical Co. Ltd., named BN-HOFO Material Technology (Anhui) Ltd., to expand powder metallurgy capacity in China. The venture will produce components for the Chinese EV market and is expected to be production-ready in 2022.

“The joint venture will be positioned to produce production-ready components in 2022.”prnewswire.com

• 1 source
• prnewswire.comAmsted Automotive Expands Global Powder Metallurgy Capacity by Forming a Joint Venture with Anhui HOFO Mechanical and Electrical Co. Ltd.Amsted AutomotiveSep 28, 2021

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