On Oct. 11, the high-strength and light-weight aluminum wheel project of Sinolion Industrial Park has been completed in Qinhuangdao, Hebei province, which means the annual output of 20,000 tons of light-weight chassis project has been officially put into production.
Sinolion Industrial Park, which is a joint venture of 5 billion RMB by Sinolion Investment Holding and CITIC DICASTAL, started construction on Feb. 19, 2017. It includes seven projects, such as an annual output of 3 million high-performance light-weight aluminum wheels project, 20,000 tons of light-weight chassis components and new energy electric motor housing. The industrial park is expected to be completed in the end of 2017.
The total investment for the first phase of the aluminum wheel project reaches 2.5 billion RMB and the annual production value is expected to reach 800 million RMB and increase 500 job positions.