# 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.

- Type: Partnership
- Announced: 2021-09-28
- Where: Anhui, China, China
- Status: announced
- Products: powder metal components, electric vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Amsted Automotive](https://endata.com/companies/54301.md)
- [Anhui HOFO Mechanical and Electrical Co. Ltd.](https://endata.com/companies/57982.md) (partner)
- [BN-HOFO Material Technology (Anhui) Ltd.](https://endata.com/companies/57983.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/amsted-automotive-expands-global-powder-metallurgy-capacity-by-forming-a-joint-venture-with-anhui-hofo-mechanical-and-electrical-co-ltd-301385000.html), 2021-09-28: "The joint venture will be positioned to produce production-ready components in 2022."

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