Xinbo Co., Ltd. plans to invest 24.6 million yuan to establish an alloy materials research institute.

Xinbo Co., Ltd. announced that it has signed a cooperation agreement with Weichu New Materials, Anhui Weichu, and Zhongxin Technology, planning to jointly invest 30 million yuan to establish Chuzhou Xinbo Alloy Materials Research Institute Co., Ltd., with the company investing 24.6 million yuan, accounting for 82%. The research institute aims to conduct research and development of alloy materials, technology transfer, and related businesses, focusing on six core research directions, mainly dedicated to providing higher quality products for new energy vehicles, new energy photovoltaics, and other fields.