Xusheng Co., Ltd.

Xusheng Group received series supplier nomination letters from a domestic Chinese automotive group to supply anti-collision beams, sill beams, battery boxes, and electric drive housing assemblies. The 8 projects have a lifecycle of 4-6 years, with annual sales of about 700 million yuan and total lifecycle sales of about 3.6 billion yuan.

Xusheng will invest $350 million to build a new plant in Saltillo, Coahuila, Mexico, producing precision aluminum alloy auto parts and industrial components. The project is expected to create 1,200 jobs.

Xusheng Co., Ltd.'s subsidiary Ningbo Hesheng Aluminum Bottle Technology received a development定点通知书 (development confirmation letter) from a European importer and distributor of catering equipment and cream chargers to supply aluminum bottles, with an annual sales value of about 800 million yuan, starting mass production in Q4 2022.