Zhejiang Wanfeng Auto Wheel (002085.SZ) recently stated that the company's automotive lightweight business will further focus on the main business, optimize asset structure, and expand the application scenarios of aluminum and magnesium alloy die casting businesses. Its aluminum alloy car rims have taken the lead in matching with new energy vehicles, becoming important partners of major automakers such as BYD, Chery, Sokon, and Volkswagen. The company continuously optimizes its customer structure in the environment of industrial competition, switches production capacity to high value-added aluminum wheel hub products, expands high-quality overseas customers, and has considerable room for improvement in profitability. Furthermore, they will increase their investment in upgrading digital management of production lines, improve production efficiency, and increase the value and profitability of future single-car matching.
In the field of magnesium alloy die casting, the advantages of magnesium alloy lightweight, good thermal conductivity, shock absorption and noise reduction, and anti-electromagnetic radiation are fully utilized. In the environment of rapid popularization of new energy vehicles, the company is increasing its domestic market development in large areas such as automotive CCB, door inner panels, rear liftgate panels, and electric drive housings while delivering in bulk to strategic customer models. At the same time, they are increasing their efforts in developing new magnesium alloy supporting products and usage scenarios, further leveraging the advantages of magnesium alloy products. They will improve the penetration rate and single-car value of domestic new energy host factories from two dimensions: customer development and product expansion.