New Energy Vehicles (NEVs) in China
- Thread starter supercat
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The 12,000-ton intelligent die-casting equipment
Shares in Guangdong Hongtu Technology Holdings soared by the exchange-imposed limit today after the Chinese developer and operator of aluminum alloy die-cast equipment said that the world's largest set of machinery that makes very large molded components for new energy vehicles, which it developed together with a partner, is now in operation.
Hongtu’s share price [SHE:002101] closed up 10 percent at CNY21.54 (USD3) today.
The 12,000-ton intelligent die-casting equipment, co-developed with precision machinery maker L.K. Technology Holdings, started operations on June 30, the Guangdong province-based company said today.
The new equipment is expected to bring in many more orders as automakers turn to integrated structural parts to reduce costs. The one-time die casting of car chassis components can replace the time-consuming assembly of parts by stamping and welding, greatly reducing labor costs, auto weight as well as manufacturing expenses.
The duo have already started work on an even bigger set of equipment. Hongtu is linking arms with Hong Kong-based L.K. Tech to develop 16,000-ton smart die-casting cells, so as to maintain its leading status in the sector, Hongtu said, citing the deal inked by the two parties at the inauguration ceremony on June 30.
Hongtu, which counts Xpeng Motors, Tesla, BYD and Nio among its customers, said in May that it planned to raise CNY2.2 billion (USD303.3 million) in a private placement of new shares.
The proceeds would be used to build production bases for large-sized NEV structural parts in the auto hub of Wuhan in central Hubei province, in its homebase of Zhaoqing, southern Guangdong province and in Tianjin, near Beijing. The funds will also be used to enhance R&D of new products and to replenish working capital.
16,000-ton intelligent die-casting equipment is under development. damnnnnn
Shares in Guangdong Hongtu Technology Holdings soared by the exchange-imposed limit today after the Chinese developer and operator of aluminum alloy die-cast equipment said that the world's largest set of machinery that makes very large molded components for new energy vehicles, which it developed together with a partner, is now in operation.
Hongtu’s share price [SHE:002101] closed up 10 percent at CNY21.54 (USD3) today.
The 12,000-ton intelligent die-casting equipment, co-developed with precision machinery maker L.K. Technology Holdings, started operations on June 30, the Guangdong province-based company said today.
The new equipment is expected to bring in many more orders as automakers turn to integrated structural parts to reduce costs. The one-time die casting of car chassis components can replace the time-consuming assembly of parts by stamping and welding, greatly reducing labor costs, auto weight as well as manufacturing expenses.
The duo have already started work on an even bigger set of equipment. Hongtu is linking arms with Hong Kong-based L.K. Tech to develop 16,000-ton smart die-casting cells, so as to maintain its leading status in the sector, Hongtu said, citing the deal inked by the two parties at the inauguration ceremony on June 30.
Hongtu, which counts Xpeng Motors, Tesla, BYD and Nio among its customers, said in May that it planned to raise CNY2.2 billion (USD303.3 million) in a private placement of new shares.
The proceeds would be used to build production bases for large-sized NEV structural parts in the auto hub of Wuhan in central Hubei province, in its homebase of Zhaoqing, southern Guangdong province and in Tianjin, near Beijing. The funds will also be used to enhance R&D of new products and to replenish working capital.
16,000-ton intelligent die-casting equipment is under development. damnnnnn
My commentary on N7 launching today. Really great price by the way. This is going to challenge a lot of car models, even ones below its price range like Model Y (261.9-359.9k RMB)
ADAS coming for N7. NOA (navigation on autopilot) with 1 Nvidia Orin SoC (254 TOPS) coming later this year on highway and by Q1 for city
ADAS coming for N7. NOA (navigation on autopilot) with 1 Nvidia Orin SoC (254 TOPS) coming later this year on highway and by Q1 for city
ooh not bad 48k euros or so, thats cheaper than i expected.
I think the N7 will do very well.
I think the N7 will do very well.
BMW partnership up with Baidu for AI & QC help
first BYD FangchengBao model will be called Bao5
USTC has come up with new solid state electrolyte that's low cost & effective
BYD exec to give a keynote speech at sodium ion battery development forum. It's likely quite far along in this
BYD building skyrail in changsha so it can carry employees between factories and residence and canteen
of course, other people in this area will ride it too
of course, other people in this area will ride it too
BYD announcement for Brazil. Huge for both sides.
all the words you want to hear if you are Brazilian govt
imo, a great moment in the relationship between China and Brazil
BYD Dolphin in Singapore
imo, they need to bring the expensive stuff to Singapore asap.
all the words you want to hear if you are Brazilian govt
imo, a great moment in the relationship between China and Brazil
BYD Dolphin in Singapore
imo, they need to bring the expensive stuff to Singapore asap.