Qingyang Baomei and Luyuan Group form strategic partnership
2025-08-04 16:00:46 [Print]
On July 30, Qingyang Baomei Precision Manufacturing Co
As of 2024, China produced about 91.6% of the world's magnesium, making it a key national strategic resource . With its lightweight, shock-absorbing, and recyclable properties, magnesium alloy holds strong potential for applications in electric vehicles, E-bikes, and other mobility solutions.
. , Ltd . , a subsidiary of Baowu Magnesium, signed a strategic cooperation agreement with Luyuan Group in Qingyang County . The partnership will focus on the innovative application of magnesium alloy materials in electric vehicles under China's new national standards.As of 2024, China produced about 91.6% of the world's magnesium, making it a key national strategic resource . With its lightweight, shock-absorbing, and recyclable properties, magnesium alloy holds strong potential for applications in electric vehicles, E-bikes, and other mobility solutions.