Dublin, December 14, 2021--(BUSINESS WIRE)--The 2021 China Automotive Magnesium Alloy Die Casting Industry Report has been added to ResearchAndMarkets.com's products.
Under the general trend of automobile lightweight, the compound annual growth rate of magnesium alloy market demand reached 13.2%.
The vast majority of automotive magnesium alloy parts are die-casting parts, which are mainly used for housings and brackets. Magnesium alloy is a good substitute for steel and aluminum alloy, which can reduce product weight by 25%-75%. However, the current application ratio of magnesium alloys in automobiles is much lower than that of aluminum alloys.
Magnesium alloys help lightweight cars
Relying on energy saving, environmental protection and performance, automobile lightweight has become one of the important directions for the development of the global automobile industry. In 2020, China will release the energy-saving and new energy vehicle technology roadmap 2.0, and put forward lightweight requirements for various types of vehicles. In addition, major automakers have put forward goals to promote the development of lightweight vehicles.
At present, automobile lightweight technology is mainly divided into three types: lightweight material technology, lightweight advanced process technology, and lightweight structure optimization technology. Lightweight materials are the key to lightweight cars.
Magnesium alloy has the characteristics of low density, high strength, good heat dissipation, strong vibration resistance, noise reduction, excellent die-casting performance, and excellent cutting performance. It is an ideal lightweight material. Under the trend of lightweight automobiles, the market demand for magnesium alloys will grow rapidly.
In 2015, my country's bicycles only used about 1.5kg of magnesium, which is far lower than the level in Europe, America, Japan and other regions. However, with the rapid development of new energy vehicles and the acceleration of vehicle lightweighting, the amount of magnesium used in bicycles in my country is growing rapidly, and it is expected to reach 15kg in 2020.
According to the "Energy-saving and New Energy Vehicle Technology Roadmap 2.0", by 2030, when the Chinese automobile market’s demand for magnesium is 1.31 million tons, Chinese bicycles will use 45kg of magnesium alloy, accounting for 4% of the total vehicle weight. -The compound annual growth rate in 2030 is 13.2%.
Magnesium alloy helps lighten new energy vehicles
For every 10% weight reduction of new energy vehicles, the average cruising range can be increased by 5%-8%. Therefore, the need for lightweight new energy vehicles is imminent. The density of magnesium alloy is 2/3 that of aluminum and 1/4 that of steel, so it is much lighter than the latter two, which means that magnesium alloy is the best choice for lightweight new energy vehicles.
New energy vehicle battery packs account for more than 20% of the vehicle's weight. The lightweight part of new energy vehicles relies on lightweight battery packs.
Lightweight battery packs can make the shell, bottom tray, and inner end/side panels lighter. For example, the battery pack shell of Tesla MODEL S is mainly made of aluminum alloy, which can weigh up to 125 kg; if magnesium alloy is used, the weight will be reduced by about 60 kg or nearly 50%.
At present, Wanfeng Meridian, Qianhe Magnesium, RSM Group, Eontec, Jiashui Group, etc. have already deployed in the field of magnesium alloy casting of battery pack casings for new energy vehicles.
As the world's leading supplier of batteries for new energy vehicles, CATL has also applied magnesium alloy die-casting to battery packs. In November 2020, Ningde Times, Sanxiang New Materials, Wansheng Group, and Zhuhai Hengqin Yinmei Technology jointly established Ningde Wenda Magnesium Aluminum Technology Co., Ltd. to build a magnesium-aluminum alloy project with a total investment of 800 million yuan. Products include die-cast structural parts for battery casings.
1 Overview of Magnesium Alloy Die Casting Industry
2 Analysis of automobile magnesium alloy die-casting industry
2.1 Lightweight cars and magnesium alloys
2.2 Application history of automotive magnesium alloys
2.3 Layout of Magnesium Alloy Car Companies
2.4 Status Quo of Automotive Magnesium Alloy Die Casting Industry
2.5 Market Scale of Automotive Magnesium Alloy
2.6 Competitive Landscape of Automotive Magnesium Alloy Die Casting Industry
2.7 Favorable factors for the development of China's automotive magnesium alloy die-casting industry
2.8 Development Trend of Automotive Magnesium Alloy Die Casting Industry
2.9 Bottlenecks and restrictive factors in the development of magnesium alloys
3 automobile magnesium alloy die casting enterprises in China
4Foreign automobile magnesium alloy die-casting enterprises
4.3 Chicago White Metal Casting Company (CWM)
4.4 ANDREAS STIHL AG & Co. KG (STIHL)
For more information about this report, please visit https://www.researchandmarkets.com/r/8rrvtd
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211214005905/en/
ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900
The year-long saga of finding buyers in southern Kansas City (NYSE: KSU) ended on December 14, when the Canadian Pacific Railway Company (NYSE: CP) completed a total of 31 billion U.S. dollars A transaction to acquire Kansas City stock. Shareholders of Kansas City Southern received $90 in cash and 2.884 Canadian Pacific shares for each share. Instead, these businesses will enter a special voting trust that needs to maintain a certain distance from Canada Pacific, while the regulator decides whether the merger should be allowed. This intricate trust structure is embarrassing at best, and may cause some real problems for Canadian Pacific before the end of 2022.
Approximately half of the oil pipeline space in the United States is unused, which intensifies oil competition in high-yield areas such as the Permian Basin in Texas. According to data from consulting firm Wood Mackenzie, the overall pipeline capacity utilization rate in the United States is about 50%, and before the coronavirus pandemic in early 2020, this ratio was 60% to 70%. The pipeline is now half full as production soared to 13 million barrels per day in early 2020, making the United States the largest oil producer, while the average output in 2021 was only 11 million barrels per day.
The CEO of Chinese electric car manufacturer Xiaopeng Motors listed the factors driving China's mass adoption of electric cars.
(Bloomberg)-Intel will spend US$7.1 billion to build a new chip packaging facility in Malaysia. This is a major investment aimed at expanding its global influence and solving the serious global chip shortage that is expected to continue until 2023. Skyscraper height? Zero taxes, golf courses and beach villas to create a crypto island paradise Saudi Arabia wants its capital to be where you want to live. China is building the world’s largest national park system company is earma
Yahoo Finance live broadcast anchor Julie Hyman reported on the network disruptions that many technology companies are experiencing, including Amazon's network service provider, Netflix's platform, and DoorDash's online application.
(Bloomberg)-Toyota Motor Corporation wants the world to know that it is serious about competing in the battery-based electric vehicle market. Most read articles from Bloomberg. Can the indoor farm reach the height of a skyscraper? Zero taxes, golf, and beach villas have created a crypto island paradise. Saudi Arabia hopes its capital will be where you want to live. China is building the world’s largest national park system. The world’s largest car manufacturer plans to invest 4 trillion yen. (35.2 billion U.S. dollars) to promote the development of its electric vehicles,
Trade officials said that India may sell more than 6 million tons of sugar on the world market this year, and the World Trade Organization ruled that India’s export subsidies are unlikely to have an impact on overseas sales, thus violating the regulations. Strong sugar exports from the world's second-largest producer may depress global prices. Due to the decline in output in Brazil, the largest producer, global prices are currently close to the highest level in 4-1/2 years. On Tuesday, a World Trade Organization team ruled in Brazil, Australia and Guatemala in a sugar subsidy trade dispute with India that dates back to 2019, and demanded that New Delhi abide by global rules.
Adobe Inc. shareholders and fundamental analysts are patiently waiting for the company to release the latest data on Thursday morning. Let's review the charts and indicators before the numbers come out. Traders should have stopped losses before the end of September because the price quickly and sharply turned downward. In the updated ADBE daily chart below, we can see that the price has recovered from the beginning of October and hit a new high at the end of November.
Matterport CEO RJ Pittman joined Yahoo Finance to discuss Matterport's growth since the IPO and how the company can help realize digital retail shopping 3D.
CoinDesk's first year-end survey of crypto miners revealed that this is a competitive but mature business, and mergers and acquisitions may accelerate.
With the development of smartphone applications, corporate services and virtual worlds, the most suitable 5G stocks for investment will change.
(Bloomberg)-With the advent of winter in the northern hemisphere and the escalating old world energy crisis, European natural gas has never been so expensive relative to US supplies. Most articles from Bloomberg, zero taxes, golf, and beach houses create a crypto island paradise. Can indoor farms reach the height of skyscrapers? China is building the world’s largest national park system Boris Johnson. Angry MPs fear that his next mistake may be a fatal benchmark. Dutch natural gas futures are almost $40 per million pounds.
Cold weather and fear of Russia’s invasion of Ukraine are causing gas prices to rise excessively, exacerbating inflation and casting a shadow on economic growth.
(Bloomberg)-On Tuesday, President Biden's energy director extended an olive branch to the oil industry, telling executives not to consider the crude oil export ban, and at the same time assuring them that the government is "not a monster." Most articles from Bloomberg, Zero Taxes, Golf and Beach Houses Create a Crypto Island Paradise Indoor Farm Can reach the height of a skyscraper? China is building the world's largest national park system, Boris Johnson, angry members of Congress worry that his next mistake may be fatal energy
Amid the widespread crypto sell-off, LTC fell below $150 on Monday as the bears turned their sights to $105.
After a slow start, the Japanese automaker said that it is seeking a larger share of the electric car market.
For most of 2021, U.S. shale companies have been very cautious in using additional capital expenditures to increase drilling activities, instead choosing to complete DUC first, but these exploration and production companies may now be preparing to make changes in 2022. Drill more
SilverCrest Metals Inc. ("SilverCrest" or "Company") is pleased to announce the remaining results of its 2021 infill and extended drilling program for its Las Chispas project ("Las Chispas" or "Project") in Sonora, Mexico. In The Babicanora area is additional for Babi Vista Vein ("Babi Vista"), Babi Vista Lower Panel ("Babi Vista FWZ"), Babicanora Norte Hanging Wall Vein ("Babi Norte HW"), El Muerto Zone ("El Muerto") Drilling") and El Muerto Hanging Wall Vein are being reported
The Census Bureau reported that last month’s seasonally adjusted retail sales rose 0.3%, a significant slowdown from October’s 1.8% sales growth, and lower than expected 0.8%. Overall, demand is strong, and consumers can still get a lot of savings from the government's stimulus plan. Retail sales in November increased by 18.2% year-on-year. "Consumers started shopping earlier than ever before this year, and some November sales are clearly advanced to October," Matthew Shea, president of the National Retail Federation, told Barron Weekly. "Thanksgiving weekend is still an important time for friends and family to check specific holiday products from the list, but most consumers no longer wait until then to start shopping."
Qantas, the national airline of Australia, predicts that its chief executive, Alan Joyce, calls this one of the worst periods of the entire pandemic and will lose more than 1.1 billion between July and December. Australian dollar (790 million US dollars). In a notice to the Australian Securities Exchange on Thursday, Qantas stated that the emergence of the Omicron variant of COVID-19 is affecting international bookings after Australia finally began to relax entry restrictions. Joyce told the exchange that due to the news of the Omicron variant and the additional quarantine restrictions imposed, the airline's booking momentum has dropped significantly.