Guangdong Hongtu Invests 60 million in the New Energy Automobile

Guangdong Hongtu Technology (Holdings) Co., Ltd., a well-known aluminum diecasting company in the automobile industry has approved a 60 million yuan investment plan for the purchase of large scale die casting machines and heat treatment facilities, which will be directed to the new energy automobile projects in order to meet the increasing need of new energy auto business and the supporting requirements of customers as well as improving the company’s competitiveness. According to the company, the new investment will be implemented by its wholly-owned subsidiary Guangdong Hongtu (Nantong) Diecasting Co., Ltd.. The main products include aluminum structural parts like inner door frame, A/B/C column, battery’s outside housing, rear side member, shock absorption tower for new energy automobile. Nantong Hongtu Diecasting was founded in Jan. 2011, located in Tongzhou economic development zone, Nantong, Jiangsu province, and it is the second production base of Guangdong Hongtu.