Sinyuan Zm Technology

Sinyuan Zm Technology announced a plan to invest CNY 1 billion (USD 138 million) to build a plant in Ningbo, China, with an annual capacity of 3 million sets of magnesium alloy and aluminum alloy precision mold parts for new energy vehicles. The first phase, costing CNY 700 million, is expected to be completed within 36 months after signing the land use agreement.