Innovation New Material and Gränges form JV for NEV aluminum alloy plant

Innovation New Material Technology and Gränges Group will form a joint venture to build a factory in Yunnan province, China, producing 320,000 tons of aluminum alloy materials annually for the new energy vehicle market. The plant is expected to generate CNY 10 billion in annual output and create 400 jobs.

“The tie-up with Stockholm-based Gränges will help Innovation New Material enter the aluminum parts market for electric cars.”yicaiglobal.com

• 2 sources
• yicaiglobal.comChina’s Innovation New Material, Sweden’s Gränges Team Up on NEV Aluminum Alloy PlantTang ShihuaApr 6, 2023
• www2.yicaiglobal.comChina’s Innovation New Material, Sweden’s Gränges Team Up on NEV Aluminum Alloy PlantTang ShihuaApr 6, 2023

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