Shenyang Mingrui Magnesium Co., Ltd. was founded on April 29, 2020, with a registered capital of 5 million yuan, focusing on the research and development and production of magnesium aluminum alloy automotive steering wheel skeleton, shell and other lightweight automotive parts. The company has 40 employees and 10 managers with bachelor degree or above.

Shenyang MingRui Magnesium industry Co., Ltd. has introduced advanced magnesium aluminum alloy high pressure casting production line and testing equipment, with UG, CATIA three-dimensional design and CAE analysis technology. The company cooperates with Northeastern University, Shenyang University of Technology and other famous universities to research and develop high-performance magnesium alloy materials and products, and is the only enterprise in Liaoning province that has both r&d, design and production of magnesium alloy lightweight. The company's magnesium alloy lightweight die casting products are mainly used in the domestic commercial vehicle market, including Foton, CNHTC and etc.