The Development and Application of Large, Complex, Thin-Walled Integrated Die-Cast Magnesium Alloy Structural Components by Boaomag Aluminum Has Been Approved

Published: Jan 6, 2025 10:11

Save

According to Baowu Magnesium Industry, the Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission of the State Council recently announced the 2024 key product and process "one-stop" application plan directions and the list of promotion institutions. The "Development and Application Project of Complex and Large Magnesium Alloy Castings in the Direction of Large, Complex, Thin-Walled Integrated Die-Cast Magnesium Alloy Structural Parts for NEV Auto Bodies," led by Chongqing Boao Magnesium-Aluminum Metal Manufacturing Co., Ltd. (hereinafter referred to as Boao Magnesium-Aluminum), in collaboration with Chongqing Seres NEV Design Institute Co., Ltd., Chongqing University, Chongqing Millison Technology Inc., Chongqing New-Type ESS Materials and Equipment Research Institute, Chongqing Advanced Light Metal Research Institute, and other units, has been successfully selected. The announcement of this news marks a new breakthrough in China's lightweight technology for NEVs, injecting new vitality into the rapid development of the NEV industry.

According to Baowu Magnesium Industry, the Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission of the State Council recently announced the 2024 key product and process "One-Stop" application plan directions and the list of promotion institutions. The "Development and Application Project of Large and Complex Thin-Walled Integrated Die-Cast Magnesium Alloy Structural Components for NEV Auto Bodies," led by Chongqing Boao Magnesium-Aluminum Metal Manufacturing Co., Ltd. (hereinafter referred to as Boao Magnesium-Aluminum), in collaboration with Chongqing Seres NEV Design Institute Co., Ltd., Chongqing University, Chongqing Millison Technology Inc., Chongqing New-Type ESS Materials and Equipment Research Institute, and Chongqing Advanced Light Metal Research Institute, has been successfully selected. The announcement of this news marks a new breakthrough in China's lightweight technology for NEVs, injecting new vitality into the rapid development of the NEV industry.

It is reported that the project aims to further enhance the lightweight level of NEV auto bodies by developing and applying large and complex thin-walled integrated die-cast magnesium alloy structural components, thereby improving the driving range and overall performance of vehicles. Magnesium alloy, as an important lightweight material, has advantages such as high strength, good heat dissipation, and excellent shock and vibration resistance, making it an ideal choice for achieving automotive lightweighting. However, due to its high processing difficulty and stringent requirements for connection and corrosion resistance, the application of magnesium alloy in the automotive field has been limited. The approval of this project will strongly promote the application process of magnesium alloy in the NEV field, bringing new development opportunities to the industry.

Moving forward, the project team will conduct in-depth research on the development and application of large and complex thin-walled integrated die-cast magnesium alloy structural components for NEV auto bodies. Leveraging Boao Magnesium-Aluminum's extensive experience in R&D and production of magnesium alloy products, combined with Chongqing University's scientific research capabilities and Chongqing Seres NEV Design Institute Co., Ltd.'s advantageous position in the NEV industry, the team will jointly tackle technical challenges and promote the widespread application of magnesium alloy in the NEV field.

Magnesium Industry Business Matchmaking

Registration for the 2025 Magnesium Industry Chain and Magnesium Market Forum Is Now Open

Please Contact: 13162929454 (Jiaxin Lu)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 2, 2026 15:08

Latrobe Magnesium Secures Funding for Commercial Plant via U.S. Distributor Prepayment

[SMM Magnesium Express] Latrobe Magnesium secured a non-dilutive prepayment from U.S. distributor Metal Exchange to advance commissioning of its commercial magnesium plant. The Latrobe Valley facility uses brown coal fly ash as feedstock to produce magnesium ingots and cementitious by-products. The funding signals growing commercial backing for ash-to-magnesium processing, offering an offtake-backed prepayment model for similar projects.

Apr 2, 2026 15:08

Mar 31, 2026 19:33

[SMM Analysis] Manganese-based Battery Materials Market Analysis：Cost-driven Divergence with Demand Recovery Ahead

Recently, China's manganese-based battery materials market has been characterized by cost-driven divergence and gradual demand recovery. Battery-grade manganese sulfate and trimanganese tetroxide have strengthened on the back of rising raw material and freight costs; electrolytic manganese dioxide remains stable; and lithium manganate is steady amid volatile lithium carbonate prices, awaiting a demand rebound in April.

Mar 31, 2026 19:33

Mar 26, 2026 15:38

Magnesium Market Holds Up Well as Cost Support and the Tug-of-War Between Sellers and Buyers Continues [SMM Magnesium Weekly Review]

[SMM Magnesium Weekly Review: Magnesium Market Held Up Well, With Cost Support and a Tug-of-War Between Sellers and Buyers Continuing] This week, the overall magnesium industry chain held up well, with prices of all products generally raised. The raw material dolomite market remained stable, with ample supply and steady demand. Magnesium ingot prices consolidated at highs. At the beginning of the week, supported by rising energy costs such as ferrosilicon and coke and tight spot availability, prices jumped by 300 yuan/mt. Subsequently, downstream fear of high prices emerged, transactions failed to keep pace, and prices consolidated at highs. In foreign trade, the center of magnesium ingot FOB quotes moved up to $2,440-2,470/mt. Wait-and-see sentiment outside China remained strong, but influenced by bullish expectations in China, forward orders were gradually locked in. Magnesium powder prices remained firm, with strong cost support. Export data increased YoY, while domestic trade was mainly driven by just-in-time procurement. The benchmark price of magnesium alloy held up well, but the release of new capacity led to increased supply, processing fees stayed in the doldrums, and the market showed a pattern of strong supply and weak demand. Overall, cost support remained the core driver behind magnesium prices fluctuating at highs, while downstream acceptance of high prices was limited, and the market may continue this tug-of-war in the short term.

Mar 26, 2026 15:38