Yongmaotai Chairman Outlines Magnesium Alloy Expansion, Targets Automotive and Robotics Markets

Published: Jul 14, 2026 18:29 (GMT+8)

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[SMM Magnesium Express]Today, according to China Securities Journal, Xu Hong, Chairman of Yongmaotai, elaborated systematically on the company's magnesium alloy strategic layout in an exclusive interview. The company defines its magnesium alloy business as a "second growth curve," establishing a magnesium alloy division and building new magnesium alloy die-casting factories in two major bases in Anhui and Chongqing. The planned production lines will exceed 20, covering models from 650T to 7000T, and introduce semi-solid forming technology, targeting core structural components such as automotive instrument panel beams, electric drive housings, and rear floor panels. Xu Hong noted that by 2030, the per-vehicle magnesium usage in China is expected to increase from the current 8 kilograms to 45 kilograms, corresponding to an incremental market of approximately 50 billion yuan. As production capacity gradually ramps up, the large-scale application of magnesium alloy in automotive and robotics sectors is anticipated to accelerate.

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