SINYUAN ZM will develop magnesium alloy powertrain casing components for a certain customer in the supply of new energy vehicles

According to the announcement from Zhitong Finance APP, SINYUAN ZM (301398.SZ) recently received a designated development notice from a domestic parts manufacturer. The company will develop and supply magnesium alloy powertrain casing components for new energy vehicles for this client. According to the client's plan, mass production for this project is expected to begin in 2026, with a total sales amount of approximately 650 million yuan over the next four years (2026-2029)