SINYUAN ZM will develop magnesium alloy powertrain casing components for a certain customer in the supply of new energy vehicles
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According to the Zhitong Finance APP, SINYUAN ZM announced that the company recently received a designated development notice from a domestic component manufacturer. The company will develop and supply magnesium alloy powertrain casing components for new energy vehicles for this customer. According to the customer's plan, mass production for this project is expected to begin in 2026, with a total sales amount of approximately 650 million yuan over the next four years (2026-2029)
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