Recently, Nanjing Yunhai Special Metal Co., Ltd. (hereinafter referred to as "the company" or "Yunhai Metal") has signed a strategic cooperation framework agreement with Beijing Automotive Group Co., Ltd. (hereinafter referred to as "Beiqi Group"). The two parties will operate in accordance with the development trend of the auto industry at home and abroad and the market needs, in accordance with a combination of streamlined, efficient, open, and production-learning-research mechanisms, and strengthen strategic cooperation in the development of auto parts, new materials applications, and product testing and evaluation of BAIC Group. Integrate the resources of both parties and establish a comprehensive strategic partnership for technological innovation and product development.
Yunhai Metals and BAIC jointly develop magnesium alloy components Yunhai Metals and BAIC jointly develop magnesium alloy components

The two parties will carry out regular or irregular technical exchanges on new materials, new products, new processes, and new models; they will cooperate closely and share data on new applications related to magnesium and aluminum alloys; and they will cooperate in the BAIC Group models. Lightweight material substitution, optimization design, prototype trial evaluation, etc., and cooperation in the development of dashboard components, seat brackets and other auto parts.

The announcement of the strategic cooperation framework agreement shows that Yunhai Metals and Beijing Automotive Group will also carry out the development and application of high-performance low-cost magnesium alloy components. The two sides form a special scientific research group to jointly promote new types of magnesium alloy, die casting, extrusion tube profiles, sheet metal, extrusion forging, CMT and FSW welding, hydroforming, hot stamping and other new materials, new processes on the BAIC models Trial and batch use increase the competitiveness of the models.

The cooperation agreement is valid for five years. Yunhai Metals stated that cooperation with BAIC Group is a direct cooperation with manufacturers. It has a positive impact on the company's new product development, technological improvement, and mass production of products, and promotes the promotion of the company's products in lightweight applications. The speed of communication with manufacturers directly, using their respective technologies and resource advantages to achieve resource sharing and promote mutual win-win and common development.

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