ZJWF Light Alloy Technology Corporation is committed to the development of lightweight technology and products for metal parts in the automotive field.
Lightweight products include the application of aluminum alloys, magnesium alloys, and high-strength steels in auto parts.
From January to June 2022, the company's magnesium alloy business achieved operating income of 2.289 billion yuan.
Revenue structure
In the first half of this year, overseas market revenue accounted for a relatively high proportion. Benefited from the increase in demand for magnesium alloy products in the automotive field of overseas, especially developed countries such as Europe and the United States.
customer structure
The company supplies mid-to-high-end traditional vehicles and some new energy vehicle companies such as Ford, STELLANTIS (PSA&FCA), GM, etc. in the North American market;
The company supplies high-end traditional cars such as Mercedes-Benz and BMW in the European market.
In the Chinese market, while supporting the supply of traditional joint ventures, it also uses the "NIO business" as a template for the development of the new energy vehicle market, increases efforts to acquire new energy vehicle projects, and continues to optimize the market structure.
The company stated that it will further expand the application scenarios of magnesium alloys, promote technological breakthroughs in the industry, and promote the application of magnesium alloys in China's automotive field through competition and cooperation.
Capacity
The company's current magnesium alloy business has an annual production capacity of more than 23 million pieces, with a market share of 65% in North America. At present, there are more than 80 high-pressure casting machines ranging from 420 tons to 4,400 tons, of which 32 are large-scale die-casting equipment of more than 2,500 tons.
Under the general trend of lightweight automobiles, the amount of magnesium used in China's automobiles has gradually increased, and the company has promoted the construction of the Asia-Pacific Center for the magnesium alloy business.
The magnesium alloy deep processing industry has high competition barriers. From the perspective of the industry chain:
1) The technical barriers of magnesium alloy mold design are relatively high.
2) The purchase threshold of die-casting equipment is relatively high. The company currently has more than 80 die-casting machines, of which more than 30 are large-scale die-casting equipment.
3) Product die casting experience and production process maturity.
4) Brand customer promotion ability.
ZJWF has done a lot of exploration on automotive magnesium alloy structural parts. The mature R&D product weighs about 100KG. In the future, it will focus on promoting the construction of the Asia-Pacific Center, and transform the company's technological application advantages in the North American market into an effective market share.
Magnesium alloy product line:
Market share of small parts with net weight less than 1kg, such as steering wheel, steering column bracket, seat bracket;
Large pieces of instrument panel brackets with a net weight of 3-5kg;
Net weight 5-10kg side door inner door panel, rear hatchback door inner door panel;
Magnesium alloy chassis integrated structural parts, chassis parts shock towers, front-end modules, motor housings, gearbox housings and other components.