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Home - News - Total investment 1 billion! Jiangsu Yangzhou new energy automobile aluminum alloy parts project started

Total investment 1 billion! Jiangsu Yangzhou new energy automobile aluminum alloy parts project started

April 25, 2024
Recently, Jiangsu Yuefeng Technology Co., Ltd. Yangzhou Yuefeng new energy auto parts project started construction in Yangzhou High-tech Zone. The total investment of the project is 1 billion yuan, mainly supporting the production of new energy automobile aluminum alloy parts three electric systems, molds, structural parts integrated die casting and other precision die casting parts, it is expected that after the completion of the project, the annual sales can be added 1.2 billion yuan.
It is understood that Yuefeng Technology was founded in 1989, its headquarters is located in Yangzhou, China, in Yangzhou, Zhuhai, Mexico, Leon three bases have a number of production plants, a research and development center and mold manufacturing plant, in North America and Europe have sales offices and storage bases. The main products include automobile steering system, new energy three electric system, transmission system, body structure, large-scale integrated die casting, energy storage die casting, etc.
The main direct customers of Yuefeng Technology are well-known new energy OEM in North America, BYD, Great Wall, Volkswagen, Volvo, Xiaopeng and other OEM, and Beijing Hainachun, BorgWarner, Bosch, Getegert, Wandu, Nexteer, NideKco, Schaeffler, Aesev, Thyssenkrupp, ZF and other world-renowned auto parts enterprises, and its products are widely used in terminal passenger car brands.
According to the forecast of professional institutions, the domestic integrated die-casting parts market space will reach 34.84 billion yuan in 2025. At the same time, Volkswagen, Mercedes-Benz, BMW, Volvo, Toyota and other global well-known car companies have laid out integrated die casting, and the demand for high-quality, complex precision aluminum alloy die casting is increasing. It is estimated that the global integrated die casting market will exceed 70 billion yuan in 2025.
With the acceleration of the construction of a modern energy system and the continuous increase in the penetration rate of new energy vehicles, the market size of automotive lightweight and integrated die casting continues to expand. Many aluminum die casting companies have increased the integrated die casting track to seize the commanding heights of development. It is reported that Yuefeng Technology Yangzhou project will introduce domestic and foreign advanced die casting machine, heat treatment furnace, processing center and other automatic production equipment, comprehensively improve the automation level of Yuefeng die casting production line, improve production efficiency.