On November 19th, China`s leading manufacturer of high-performance aluminum alloy structural parts, JSYT Light Alloy Technology Group, issued an announcement, agreeing to JSYT and Mitsubishi to jointly promote the development of lightweight aluminum parts business in the field of automobiles, especially new energy vehicles Aluminum signed the "Investment Agreement" to jointly fund the establishment of a joint venture company.
The joint venture company will focus on the R&D, production and sales of high-performance aluminum extrusion materials, and become an important supplier of parts and materials in China’s industrial sector, especially in the automotive sector; Mitsubishi Aluminum’s owner-operated high-performance aluminum extrusion materials, aluminum rolled products and Deep processing business is an important supplier in the global automotive, construction, machinery, chemical, food, printing and other fields. The two parties jointly promote the development of lightweight aluminum parts business in the automobile, especially new energy automobile field, by setting up a joint venture in China. With the global awareness of environmental protection and energy saving, lightweight and electrification have become important development trends in the automotive field; as one of the most important automotive lightweight materials, the use and penetration of aluminum is continuing to expand. In this cooperation, the two parties will use their respective advantages to synergize and complement each other, to seize the market in the automotive, especially new energy automotive sector, and meet the automotive, especially new energy automotive market's demand for high-performance aluminum parts.