On June 28, Castor Aluminum (Chongqing) Technology began the trial production for its annual output of 1 million sets of lightweight, integrated moulding new energy auto parts project. Upon full completion of the project, the annual output value is anticipated to reach RMB 3 billion, generating RMB 100 million in annual tax revenue and creating 1,000 new jobs.
About the project
This project, located in the Chongqing (Wansheng) Inland Waterless Port Low-Carbon Industrial Park, involves a total investment of RMB 1 billion. It is being developed in two phases, covering approximately 220 mu with a total construction area of about 148,000 square meters. The facility will produce aluminium alloy subframes, battery trays, body structures, and other parts for new energy vehicles, catering primarily to customers including Changan Automobile, Avita, Celes, Huawei, and Dongfeng Lantu.
The project's first phase, encompassing approximately 65,000 square meters of plant space, has been completed. Plant No. 3 began trial production in March 2024, while Plant No. 2 is also in trial production. This phase is expected to achieve an annual capacity of 650,000 sets, generating an estimated annual output value of RMB 2.5 billion and annual tax revenue of RMB 80 million. The project will create about 750 jobs.
"We will accelerate the construction of the project and strive to start construction of the second phase of the project in 2025 and complete and put it into operation by the end of 2026," said Castor Aluminum (Chongqing) Technology Co., LTD—deputy general manager Yu Yong.
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