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Amsted Automotive Group formed a joint venture with Anhui HOFO Mechanical and Electrical Co. Ltd, called BN-HOFO Material Technology (Anhui) Ltd., to expand powder metallurgy capacity 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.