On the afternoon of February 4, Novelis' lightweight high-end automotive aluminum sheet project was signed and settled in Zhenjiang, China. Municipal Party Secretary Ma Minglong attended the signing ceremony of the project to witness the signing, and met with Liu Qing, the managing director of Novelis China, the vice president of Asia, and the general manager of Novelis Aleris Aluminum (Zhenjiang) before signing the contract.
Novelis is the world's leading manufacturer of aluminum rolled products and successfully acquired Aleris Aluminum last year. Novelis lightweight and high-end automotive aluminum sheet project has a total investment of 300 million US dollars, with a planned area of about 400 acres, which will be invested and constructed in three years. The project will build 180,000 square meters of cold-rolled and auxiliary equipment workshops. After completion, it is expected to achieve an annual output of 230,000 tons of cold-rolled aluminum coils for lightweight and high-end automotive plates, mainly for BMW, Tesla, NIO and other new energy vehicles Lightweight high-end aluminum plates, with an annual output value of about 3.5 billion yuan.