The Inner Mongolia Rare Earths New Energy Vehicles Industry Alliance was established in Baotou in North China’s Inner Mongolia autonomous region on Sept 6, according to the Baotou Daily.

The industry alliance was initiated by Beiben Trucks Group Co, CLP Investment Financing and Asset Management Co and the Management Committee of Baotou Rare Earth High-Tech Industrial Development Zone.

Officials said it now boasts 30 members including Fuhuade Electronics (Dongguan) Co, CATL and the State Key Laboratory of Automobile Safety and Energy of Tsinghua University.

They said it will integrate the R&D and production advantages of Beiben Trucks Group Co with the “Rare Earths Plus” strategy of the autonomous region.

It will also comprehensively integrate gains made in R&D of deep processing and equipment manufacturing of rare earths in Inner Mongolia, form a complete rare earths new energy automobile industrial chain -- and promote the transformation and upgrading of the rare earths industry.