Xinbo Co., Ltd. (003038.SZ) plans to establish a joint venture research institute for alloy materials

Zhitong Finance App News, Xinbo Co., Ltd. (003038.SZ) announced that the company signed a “Alloy Materials Research Institute Cooperation Agreement” with Weichu New Materials Co., Ltd. (“Weichu New Materials”), Anhui Weichu Intelligent Manufacturing Co., Ltd. (“Zhongxin Technology”) to jointly invest in the establishment of Chuzhou Xinbo Alloy Materials Research Institute Co., Ltd. (tentative name).

The registered capital of the Alloy Materials Research Institute is 30 million yuan; the company invested 24.6 million yuan with its own capital, with an investment ratio of 82%; Weichu Xincai invested 1.5 million yuan in currency, with an investment ratio of 5%; Anhui Weichu invested 1.5 million yuan in currency, with an investment ratio of 5%; and Zhongxin Technology invested 2.4 million yuan in currency, with an investment ratio of 8%.

According to the announcement, Chuzhou Xinbo Alloy Materials Research Institute will focus on six core research directions: high-strength aluminum alloys, high-precision ultra-thin battery aluminum cases, high-conductivity aluminum-copper composites, green production processes, lightweight high-strength magnesium-aluminum alloys, and high-tolerance recycled aluminum to drive regional industrial upgrading with a scientific and technological innovation engine. It is mainly committed to providing higher quality products in the fields of new energy vehicles, new energy photovoltaics, renewable resources, aerospace, low altitude economy, robotics, etc.