After years of development, Zhejiang Wanfeng Aowei Steam Turbine Co., Ltd. (hereinafter referred to as Wanfeng Aowei) has formed a "twin-engine"-driven development pattern of automotive metal parts lightweight industry and navigable aircraft manufacturing industry. In the lightweight industry of automotive metal parts, the company has taken the lead in the field of automotive parts segmentation with the lightweight application of magnesium alloy, aluminum alloy, high-strength steel and other metal materials as the main line.
It is understood that magnesium alloy is one of the important metals in the field of automotive applications, and it is also an ideal material for automotive lightweight. Under the trend of global carbon neutralization, new energy vehicles are booming, which puts forward higher requirements for automobile lightweight, which also brings unlimited business opportunities for the magnesium alloy industry. Wanfeng Owei not only laid out the magnesium alloy business earlier, but also further expanded its competitiveness in this business through investments such as acquisitions.
In order to strengthen its business capacity in the magnesium alloy sector, Wanfeng Aowei acquired magnesium Reading Company in 2015 and established a wholly-owned subsidiary-Wanfeng magnesium Reading Holdings Co., Ltd. (hereinafter referred to as magnesium Reading). Magnesium Redding is an excellent supplier of magnesium alloy die-casting parts in the global automotive market, providing customers with all-round integrated services from independent research and design of magnesium alloy parts, sample development to complete mass production. Magnesium Redding die-casting equipment is mainly high-pressure die-casting, covering large, medium and small tonnage, of which large tonnage equipment accounts for more than 60%.
In the development and application of magnesium alloy, magnesium Redding took the lead in realizing magnesium alloy die casting of gearbox distributor and transfer box shell and cover in North America, and took the lead in completing the technical transformation from small and medium tonnage magnesium alloy application products to large tonnage and thin wall die castings. Products include dashboard bracket, front-end module products, rear hatchback door inner panel and so on. Magnesium Reading is mainly sold in North America, with a market share of 65%, followed by China and Europe.
In addition, magnesium Reading also has advanced magnesium alloy technology research and development center, at the same time, master magnesium alloy casting, mold design, metal connection and other leading technology. It has great strength in the core technical fields of magnesium alloy processing, such as materials, casting, simulation, bonding and corrosion resistance technology. Especially in die-casting technology, the key technology of large-scale thin-wall die-casting and dissimilar metal connection technology (SPR, etc.) ensure the leading advantage in the design and production of large-scale thin-wall die castings.
At present, many enterprises have been optimistic about the magnesium alloy industry and joined the industry. This shows that magnesium alloy materials and applications have formed a market consensus, which will further expand the application field of magnesium alloy, promote the industry to break through the technical bottleneck, and promote the healthy development of magnesium alloy industry.
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