Nanshan Aluminum Shanghai set up a subsidiary to increase sales of automotive steel, battery foil and aviation materials

On the evening of January 4, Nanshan Aluminum announced that the company had set up a wholly-owned subsidiary, Nanshan Aluminum (Shanghai) Co., Ltd., with its own funds of 100 million yuan. Its goal is mainly to use Shanghai as an international trade and financial center and resource advantages to build a high-end manufacturing business sales center with automotive plates, power battery foil, automotive aluminum, aviation materials as the main body, to serve high-quality core customers; take advantage of Shanghai's economic position in the Yangtze River Delta region, expand the company's business layout in East China, deepen the close contact with surrounding industrial clusters, further promote the company's sales business development, and plan to expand warehousing and other peripheral services in the future to improve customer stickiness. Effectively enhance the company's market competitiveness and market share.

With the rapid expansion of the global new energy automobile industry, Nanshan Aluminum's automotive plate business and power battery foil business have a good momentum of development, especially the breakthrough growth of automotive steel sales, which has greatly increased the company's profits, and the company has also established the development direction of being a leading domestic lightweight automobile steel company. Nanshan Aluminum has made significant efforts in the high-end industry of downstream applications, which has also brought a new vision of the capital market to look at the company. At present, the company has a production capacity of 200,000 tons of automotive steel, and is accelerating the construction process of a new production line of 200,000 tons, which is now in the planning and design stage of the production line, and is expected to be put into use before the end of 2023. In the field of new energy vehicles, Nanshan Aluminum also attaches great importance to the business layout on power battery foil. The company's power battery foil customers have covered the domestic power battery field head enterprises including CATL, BYD, AVIC Lithium Battery, Ewell Lithium Energy, Guoxuan Hi-Tech, etc. It is understood that the company's 21,000 tons of high-performance power battery foil project has been gradually put into production in October last year, and it is expected to further expand its market share in high-end products of power battery foil after the project reaches production. At the same time, the company also has aviation board production capacity of 50,000 tons, and is currently the only enterprise in China that provides aviation boards for Boeing and Airbus at the same time, and is also the first batch of enterprises in China to pass the airworthiness certification of the Civil Aviation Administration, mainly supplying ARJ21 and C919.

The company set up a subsidiary in Shanghai, intended to increase the close relationship with high-end aluminum customers, increase sales of automotive panels, battery foil, aviation materials, which can also be expected to further increase the company's related business in the future. (Zhu Jianping)