Industry vane: car manufacturing innovation, integrated die -casting market space prospects are expected

In September 2020, Musk proposed at the Tesla Battery Day conference that Model Y will use integrated die -casting floor assembly to trigger the industry's body manufacturing technology change. Compared with traditional stamping+welding process, integrated die -casting can significantly improve production efficiency and reduce costs. In 2021, new forces such as Weilai, Xiaopeng and other car building were actively followed up. Wencan, Guangdong Hongtu, Tuopu Group and other die -casting plants purchased large -scale die -casting machines. The upstream and downstream of the industrial chain began to cooperate with research and development. Traditional car manufacturers such as Chang'an have also begun to follow up, and the trend of all -in -one die casting is gradually becoming clear.

It is understood that the key to the die casting process lies in the three major elements of machines, molds, and alloy, which has the characteristics of high production efficiency and high material utilization rate. However, due to the relatively poor quality of die casting, the die -casting machines and molds are more expensive, in the past, it was often used for structural parts such as car shock absorption tower, front beams, and longitudinal beams. The difficulty of producing large -scale vehicle structures with die casting processes is directly diminished. On the one hand, higher requirements for large die -casting machines, mold design and production; on the other hand, the structure of large structural parts is complicated, and it is necessary to overcome the contradiction between the intensity of the product but easy to produce deformation and bubbles at the same time. Therefore, development does not require heat treatment and has high toughness and good liquidity, which is easy to die -casting, and has become an inevitable requirement.

A few days ago, Founder Securities calculated the market size of integrated die -casting, integrated die -casting market size, large -scale die -casting machine market, and the size of the aluminum die -casting market. It is equipped with sales end, which is expected to reach 4.28 million units in the middle and can reach 22.05 million in the long run; component side, it is expected to reach 40.5 billion in the short -term and 261.4 billion in the long run; It reaches 57.3 billion; the material side is expected to reach 272.6 billion yuan in the short -term, and the long -term can reach 442.4 billion.

BOC International analysis pointed out that, except for Tesla's complete self -made and Xiaopeng partial self -made, car companies such as Weilai, Gaohe, and ideals have chosen to cooperate with die -casting plants. It has obvious advantages with customers. Therefore, benefiting from industry barriers and scale advantages, the short -term market share is concentrated to the head die -casting plant. The long -term vehicle manufacturer's self -made cooperation model will coexist with the die -casting plant. The domestic die -casting plant is expected to occupy a larger market share and grow into a global leader. Essence

Here, by integrating the latest research report information of more than 10 brokerage firms such as Tianfeng, Anxin, Guoxin, it brings 4 companies to fans and friends for reference only.

1. Guangdong Hongtu

The company is guided by the "new four modernization", focusing on the dual -business sector of "automobile aluminum pressure casting+internal and external decorations" to create the core competitiveness of the main business of automobile parts. It strips out of its weaker business and assets such as Baolong Automobile Co., Ltd., further expands and improves the regional market layout of the main business of the company's automotive parts, continues to promote the implementation of the "flexible production" system, improves the large integrated die -cast production system, and continues Open up new customers and optimize the company's performance continued to grow.

——Guohai Securities

2. Ruizhen mold

The company's newly cultivated automotive lightweight parts business will focus on precision aluminum alloy casting products such as the integrated die -casting body structure, chassis parts, and tri -electrocomposition components. The company has established a joint venture with Chery Technology and Yongda Technology to promote large -scale lightweight component projects with an annual output of 500,000 units; the lightweight molds and components are promoted through the holding subsidiary Ruizi Haobo. It is expected that the company's lightweight parts business will gradually mass production in 2023, relying on the advantages of Anhui Industrial Cluster to become the company's new growth point.

—— Guotai Junan

3. Wencan shares

On September 18, 2022, the company signed the "Wencan New Energy Vehicle Lightweight Parts Chongqing Production Base Project Project Cooperation Agreement" and related agreements with Chongqing Shared Industrial Investment Co., Ltd., and intended to invest in the construction of "Wencan Xinxin in Shapingba District, Chongqing City. Energy vehicle lightweight parts Chongqing production base project ". The total investment of the project is about RMB 800 million, of which about 600 million yuan in fixed assets. It will build a smart factory with supporting processes such as pressure casting workshops, machine processing workshops, post -processing and assembly. Quantitative integrated body structures, power system parts and other key products. The company is an integrated die -cast pioneer, and it is expected to rise into lightweight leaders in the transformation of electric intelligence. Considering that the company actively embraces new energy vehicle companies on the head and acquires Bai Lian to accelerate globalization, and the gradual production of hand -ordering will drive high growth.

—— Huaxi Securities

4. Takopu Group

As a platform -type component company, the company continues to look forward to lightweight, electrification and intelligent tracks based on the original car interior, sound insulation and shock absorption products, and continuously expand the company's industry competitive advantage. On the other hand, the company is also a domestic high -quality and scarce Tier 0.5 platform -type component supplier. It has deeply accumulated shock -absorbing noise, noise, noise, noise, noise, and lightweight chassis. New businesses such as automotive electronics, thermal management, integrated casting and air suspension breakthrough breakthrough breakthroughs. Significantly, the future growth is strong.

--CITIC Securities

Daily Economic News

- END -