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Innovation New Material Technology will invest USD 197 million to build a plant in Mexico to produce aluminum alloy materials for automobiles.
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.
| Site | Largest | Latest |
|---|---|---|
| Mexico, Mexico | $197.0M | 2023-08-22 |