Xuelong Group announced that it plans to invest 100 million yuan to establish a wholly-owned subsidiary, Ningbo Xuelong Aluminum and Magnesium Technology Co., Ltd., with a registered capital of 100 million yuan. The company will invest with its own capital. This time, the foreign investment established a wholly-owned subsidiary. The core company vertically integrates the industrial chain around the main business and extends the layout to the die-casting product chain. The first purpose of this move is to independently control the supply chain of core die-casting parts, reduce dependence on external processing, and improve the stability and timeliness of product production; at the same time, optimize the production process and cost structure through autonomous operation of the die-casting business, and further strengthen the company's industrial chain competitiveness in the field of commercial vehicle cooling system core components.

Xuelong Group announced that it plans to invest 100 million yuan to establish a wholly-owned subsidiary, Ningbo Xuelong Aluminum and Magnesium Technology Co., Ltd., with a registered capital of 100 million yuan. The company will invest with its own capital. This time, the foreign investment established a wholly-owned subsidiary. The core company vertically integrates the industrial chain around the main business and extends the layout to the die-casting product chain. The first purpose of this move is to independently control the supply chain of core die-casting parts, reduce dependence on external processing, and improve the stability and timeliness of product production; at the same time, optimize the production process and cost structure through autonomous operation of the die-casting business, and further strengthen the company's industrial chain competitiveness in the field of commercial vehicle cooling system core components.