On March 14, 2019, the signing ceremony of the "HNYL Magnesium Technology Annual Production of 1 Million Magnesium Alloy Wheel Project" was held in Ningxiang High-tech Zone, Hunan. The total investment of the project is about 2 billion yuan, mainly for the construction of magnesium bars and magnesium alloy vehicles The wheel project, of which the equipment investment is about 800 million yuan. After large-scale production, it is expected to produce 1 million magnesium alloy automobile wheels in 2025.
HNYL Magnesium Technology Co., Ltd. was established in March 2019. Its headquarter is located in the provincial capital of Changsha with a registered capital of 200 million. It is mainly engaged in the research and development, production and sales of magnesium alloy wheels. It is a high-tech manufacturing enterprise. The company has strong technical strength, has a technical team composed of domestic top magnesium technology R & D personnel, and introduces the use of three top magnesium technology patented technologies for technical support. It is a leading domestic magnesium technology industry enterprise.