Lightweight has become an important development direction of the automotive industry
According to the data released by the China Passenger Car Federation, the cumulative penetration rate of new energy vehicles in China in 2022 has exceeded 26%, and the penetration rate of new energy vehicles in China has continued to increase; And with the energy-saving emission reduction of traditional fuel vehicles and the endurance of new energy vehicles, vehicle lightweight has become an important way to achieve energy conservation and emission reduction goals.
Minsheng Securities pointed out in the research report that aluminum alloy has high strength and cost-effective, and is a lightweight material with high cost-effective and feasibility under the current technical process. At the same time, according to the "Aluminum Evaluation Report of China's Automotive Industry (2016-2030)" released by the International Aluminum Association, due to the need for lightweight and the rise in the use of aluminum alloys, it is predicted that the amount of aluminum used by China's automotive industry will reach 10.7 million tons in 2030, with a compound annual growth rate of 9%; The proportion of aluminum used in China's new energy vehicle industry will rise from the current 3.8% of total aluminum consumption to 29.4%; The total consumption of aluminum in traditional fuel vehicles will steadily increase from the current 2.6 million tons to 4.9 million tons, and aluminum alloy auto parts products have a good market space.
Continue to strengthen the competitive advantage of enterprises
It is understood that Yuefeng Technology is positioned as an automotive lightweight parts supplier, and its main products are turbocharger precision pressure shell components, and it has developed precision parts products such as new energy vehicle motor housing and transmission housing. At present, with high-quality product quality, the company has established a long-term and good strategic cooperative relationship with downstream customers including Garrett, Cummins, Ishikawa Island, Boma Technology, BorgWarner and other world-renowned turbocharger first-level parts manufacturers.
After years of deep industry cultivation, YueFeng Technology has been laid out in the dimensions of technology and products, creating an enterprise moat, and forming a clear first-mover advantage.
In terms of technology, Sinan Technology continues to deepen the field of automotive lightweight aluminum alloy parts, has a complete process system from mold development to product manufacturing, and has mastered the "mold design and development technology", "liquid aluminum refining technology", "automated gravity pouring technology", "low pressure casting technology", "tooling optimization design technology" and "automated assembly technology Including seven core technologies related to the production process.
In terms of product innovation, relying on long-term research and development innovation and technology accumulation, the company from the initial stage of the establishment of the traditional turbocharger compressor shell casting and machining, expanded to the current automatic assembly of precision compressor shell parts, new energy industry motor shell, gearbox shell as the representative of the new automotive lightweight manufacturing industry. At present, the company has a casting capacity of 0.2Kg to 30Kg specification products, which can meet the diverse product needs of downstream customers.
In the future, Yuefeng Technology will continue to explore new product directions in automotive lightweight through IPO investment projects, including aluminum parts for transmission, aluminum parts for chassis and transmission systems, and aluminum parts for fuel cells. And actively expand the lightweight market of new energy vehicles, further increase the proportion of revenue of new products in the field of automotive lightweight, promote the company's sustainable development in the field of automotive lightweight, so as to continuously move toward the goal of becoming an automotive lightweight parts manufacturer.
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