On April 22, the "Weiqiao-Luxeed Automotive Lightweighting Joint Laboratory" was officially inaugurated in Suzhou. Co-founded by Shandong Weiqiao Pioneering Group and Luxeed Automotive, the laboratory marks a new phase in the strategic cooperation between the two parties and represents a further step forward in Weiqiao, the "aluminum giant,"'s layout in the new energy vehicle (NEV) sector. According to the plan, with the joint R&D efforts of both parties, the proportion of aluminum materials in the auto body of the next-generation products will increase to 50%, the weight of the body in white will decrease by 15%, the torsional stiffness of the auto body will improve by 11%, and the driving range will increase by 10%. Meanwhile, the vehicle-use cast aluminum alloy, jointly developed by both parties, will be applied to the chassis parts of the next-generation products. Compared with the existing aluminum alloy, the fatigue strength will increase by 20%, the weight will decrease by 15%, and carbon emissions will reduce by 20%.