# Baosteel and Kobelco Investment establish automotive aluminum sheet joint venture in Shanghai

Baosteel and Japan's Kobelco Investment have jointly established Baosteel Kobelco Automotive Aluminum Sheet (Shanghai) Co., with a registered capital of approximately RMB 1.0 billion, to produce and sell automotive aluminum sheet.

- Type: Acquisition
- Announced: 2025-01-10
- Where: Shanghai, China
- Value: $140.0M (1.00B CNY)
- Status: announced
- Products: automotive aluminum sheet
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Baosteel](https://endata.com/companies/45744.md) (partner)
- [Kobelco Investment](https://endata.com/companies/82257.md) (partner)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/baosteel-and-japans-kobelco-investment-jointly-establish-baosteel-kobelco-automotive-aluminum-sheet-shanghai-co-1373863.htm), 2025-01-10: "Baosteel and Japan’s Kobelco Investment Co., Ltd. have jointly established Baosteel Kobelco Automotive Aluminum Sheet (Shanghai) Co., heralding a major change in the future of lightweight materials in auto manufacturing."

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