Novi’s Maxion Wheels Partners With Chinese Automotive Parts Company, Plans to Build Plant in China

Excerpt: Novi’s Maxion Wheels today announced an agreement to form a new passenger car aluminum wheel joint venture with Dongfeng Motor Parts and Components Group, one of China’s largest automotive parts companies. The new entity, Dongfeng Maxion Wheels, will build a plant in Hubei Province in the central area of China.

The plant will have a 2-million-per-year capacity with series production scheduled for the second half of 2020.

Read more.