Xinhua News Agency Client, Changsha, June 14th (Reporter Xie Ben)

In the midst of midsummer, stepping into the Hunan Loudi Economic and Technological Development Zone, the third phase project of GONVVAMA Loudi Factory is currently under rapid construction.

"This project will utilize advanced lightweight and multi-part integration technologies, helping the company seize the opportunity presented by the rapid growth of China's new energy vehicle market," said Orlando, CEO of GONVVAMA. It is understood that the third phase project of GONVVAMA involves an investment of 101 million yuan to establish a new door ring production line. Currently, the main structure of the factory has been completed, with pipeline installation in progress. It is expected that equipment installation will commence by the end of July, with mass production capabilities anticipated by the end of September.

(Pictures from Loudi News)

GONVVAMA is a joint investment project between Hunan Valin ArcelorMittal Automotive Sheet Co., Ltd. (referred to as "VAMA") and the Spanish steel processing service enterprise GONVARRI. With the construction and operation of the Loudi Factory's third phase project, the industrial ecosystem of Loudi's automotive steel, from raw materials to end products, will be further enriched.

In recent years, with the rapid development of China's new energy vehicle industry, being more environmentally friendly, lightweight, and high-strength has become the mainstream trend for automotive steel. Leveraging its own foundation in the steel industry, Loudi is vigorously promoting the construction of a "Material Valley" in the central region, prioritizing the development of industries such as automotive steel and automotive components. Several large projects with foreign investment backgrounds are accelerating their establishment.