According to the announcement from Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd., they have signed a cooperation agreement with Japan's Mitsubishi Aluminum Co. on March 31st, 2020.
The two sides will set up a joint venture company in China and propel together the development of light aluminum in the automobile industry, especially in the field of new energy.
The registered capital of this joint venture company was RMB 80 million.