Chinese magnesium alloy, aluminum titanium alloy, aluminum titanium boron, aluminum strontium alloy, porous microchannel flat tube manufacturer NJYH Light Alloy Technology Group issued an announcement. NJYH company, CQBA magnesium aluminum alloy technology Co., Ltd. and all its shareholders in July 2019 On the 9th, the "Agreement on the Equity Transfer of CQBA Magnesium Aluminum Technology Co., Ltd." was signed. According to the agreement, the company plans to invest 1.235 billion yuan to acquire 100% equity of Chongqing Boao.
With the development of lightweight vehicles, the use of lightweight and higher-performance alternative materials has become the mainstream of automotive development. Magnesium alloys have gradually become another new lightweight material after high-strength steels and aluminum alloys. Magnesium alloy has obvious weight reduction effect, at the same time has excellent damping, high impact resistance, heat dissipation, green environmental protection, 100% recyclable and other characteristics. Compared with other automobile manufacturing materials, it has unique advantages and is the future automotive lightweight material. One of the development trends.
In recent years, the scale of the magnesium alloy automotive die casting industry has gradually expanded, and the magnesium alloy die casting product series has also gradually expanded: steering wheel skeleton, airbag bracket, seat bracket, instrument panel bracket, clutch housing, oil filter housing, etc. Parts can be made of magnesium alloy.
CQBA Magnesium Aluminum Alloy Technology Co., Ltd. is a company that provides lightweight solutions for automotive customers. It specializes in the design, development, production and sales of medium and large precision die casting products of magnesium aluminum alloy. The main products are seat brackets, instrument panel brackets, central control brackets, battery boxes, etc., which can produce large and medium-sized parts of magnesium and aluminum alloy cars. It is a leading company in magnesium alloy die-casting production technology. Combined with the company's industry-leading R & D and production capabilities in the fields of magnesium and aluminum alloys, the acquisition of CQBA magnesium and aluminum will help the company's industrial chain to extend downwards, improve the company's deep processing field layout, increase the company's deep processing business proportion, Company profitability.