Baowu Magnesium Industry: The company's electric drive shell business is expected to see significant growth.

Baowu Magnesium Industry stated during institutional research that the company has already started mass production of magnesium alloy electric drive housings at Nanjing Jingmi and Chongqing Boao. With the acceleration of lightweighting in new energy vehicles, the company's electric drive housing business is expected to see significant growth.