Rayhoo, Chery Tech, Yongda Tech to co-invest in NEV lightweight parts project

Rayhoo Motor Dies Co.Asian Metal Copyright Rayhoo will hold 45% stake in the JV, while Chery Tech and Yongda Tech will hold 35% and 20% respectively.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright announced on December 29 that it has reached an agreement with Chery Tech and Yongda Tech to joinltly invest in NEV lightweight parts project to be built in Wuhu economic and technological development zone in Anhui.Asian Metal Copyright announced on December 29 that it has reached an agreement with Chery Tech and Yongda Tech to joinltly invest in NEV lightweight parts project to be built in Wuhu economic and technological development zone in Anhui.Asian Metal Copyright The project focuses on the development, design and manufacturing of automotive precision aluminum alloy castings for NEVs and will have an annual production capacity of 500,000 units per year of large-sized lightweight automotive parts.Asian Metal Copyright69 million.Asian Metal Copyright The three companies will set up a joint venture with registered capacity of RMB100 million (USD15.Asian Metal Copyright The three companies will set up a joint venture with registered capacity of RMB100 million USD15.Asian Metal Copyright69 million).Asian Metal CopyrightRayhoo Motor Dies Co.Asian Metal Copyright Rayhoo will hold 45% stake in the JV, while Chery Tech and Yongda Tech will hold 35% and 20% respectively.
.Asian Metal Copyright Rayhoo will hold 45% stake in the JV, while Chery Tech and Yongda Tech will hold 35% and 20% respectivelyAsian Metal Copyright