China aluminum alloy die casting has mastered the three aluminum alloy casting processes of high pressure die casting, low pressure die casting and gravity die casting. The product system has expanded from small aluminum die casting parts and thick wall parts with low technical barriers to large and thin wall parts such as body structure parts and chassis structure parts with high technical barriers.
Aluminum alloy has outstanding comprehensive cost performance and is the preferred material for automobile lightweight, which drives the rapid growth of aluminum for bicycles. At present, die-cast aluminum alloy is the main aluminum alloy used in automobile, and die casting products account for about 54% ~ 70% of automobile aluminum. The development of new energy automobile industry promotes the continuous innovation of aluminum alloy die casting technology. Tesla takes the lead in applying the integrated die casting technology on the back floor. Compared with the existing production technology, it can improve the efficiency and reduce the cost. Therefore, we believe that the integrated die casting technology is the future development trend, and its permeability will gradually increase, which is expected to replace the current stamping and welding process. Considering the development cycle of new technology-introduced models, we expect a rapid increase in the market space for integrated die casting from 2023. According to our calculation, the domestic integrated die casting market space is expected to exceed 30 billion yuan by 2025, with a CAGR of 238% from 2022 to 2025.
New energy vehicles are in the stage of rapid increase in penetration rate. Considering the lightweight demand of new energy vehicles, the proportion of revenue of new energy vehicles is increasing steadily, which will benefit from the volume growth of the industry. The production and manufacturing of integrated structural parts have higher technical barriers, and domestic aluminum die casting companies have the advantages of relevant technical reserves; We as die casting company take the lead in the layout, in the field of research and development and technology has a first-mover advantage, the future integrated die casting is expected to open up long-term growth space for the company.
Post time: Dec-15-2022