Automobile aluminum parts casting enterprises "busy at sea"! Nearly 7 companies have invested in the Mexican market.

SMM 29 March news: as the world's first auto market country, since 2022, China's auto exports repeatedly brush the monthly record high, but also in August 2022 for the first time more than 300,000 units. And into 2023, the first two months of automobile export performance is still remarkable. Cui Dongshu of the passenger association is boldly predicted that the annual new energy vehicle exports in 2023 is expected to be high growth. Of course, the export of not only the car, many battery companies and parts companies have also been to the sea to expand the market, open sales. Among them, the Mexican market as an important automotive production base in North America, it is also the world's seventh largest automotive producer and the fifth largest parts producer, therefore, the relatively perfect industrial chain layout has made Mexico become the preferred choice of many overseas enterprises to build factories here. According to incomplete statistics, including Top Group, Lizhong Group, Wen Chan Group, including a number of domestic aluminium-related well-known casting parts will be involved in the Mexican market. Specifically: Top Group: public information shows that Top Group is mainly engaged in the research and development, production and sales of automotive parts. For the act of investing in Mexico to build a plant, Top Group also explained that the establishment of the plant can reduce tariffs and freight costs, improve the security of the supply chain, but also to seize the opportunity of the transformation of electrification in North America, to expand the market and the number of orders for the company's internationalisation strategy and contribute to the growth of performance. In September 2022, Toppan Group announced that it intends to set up a new wholly-owned subsidiary in Mexico - Toppan Group Mexico S.A., and invest and build a factory there. The main business is the production of lightweight chassis, interior systems, thermal management systems and robot actuators. Wenchan Group: Wenchan Group is mainly engaged in the research and development, production and sales of automotive aluminium alloy precision castings. Its aluminium alloy casting process includes high-pressure casting, low-pressure casting and gravity casting. Data show that the company has been for Mercedes-Benz, Tesla and other bulk supply of aluminium alloy body structure parts. It is reported that the Wen Chan Group as early as 2020 to complete the acquisition of Hundred Refining Group, according to the 2022 half-yearly report, the company has begun in France Hundred Refining Group's Mexican factory into the high-pressure casting production line, the use of both sides of the advantages to speed up the landing of the order of the North American customers. Lizhong Group: public information shows that Lizhong Group is a global advanced recycled aluminium alloy, automotive lightweight products and new materials manufacturers. The main business is functional intermediate alloy new materials, recycled casting aluminium alloy materials and lightweight aluminium alloy wheels. In July 2020, Lizhong Group invested US$170 million to establish a Mexican subsidiary. Subsequently, in August 2022, it released a convertible bond issuance proposal, and planned to invest 1.156 billion yuan to build Mexico Lizhong's annual output of 3.6 million ultra-lightweight aluminium alloy wheels project. The project is planned to be put into production in 2024, and is expected to support 1,768,200 and 3,557,900 in 2024 and 2025, respectively. Rongtai shares: public information shows that rongtai shares is a collection of mould research and development and manufacturing, aluminium alloy die casting, precision machining in one of the high-tech enterprises, the company's main products are aluminium alloy precision die casting research and development, production and sales. In 2016, Rongtai shares set up a Mexican subsidiary Leon Rongtai, as of 2019 has invested 61 million U.S. dollars in Leon Rongtai; subsequently, the company also in 2021 IPO project plan to Mexico automotive lightweight aluminum alloy parts expansion project investment of 223 million yuan, has been closed in January 2023; in addition, the company also in August 2022 issued convertible bonds, plans to Mexico automotive precision aluminium alloy castings phase II expansion project investment of 271 million yuan, the project is expected to be put into production in 2024, and all production in 2026. Berteli: Public information shows that Berteli Group is a limited liability company specialising in the sales business of automobiles and parts, with two main product categories: mechanical brake products and electric control products. The company set up a Mexican subsidiary in February 2021, and issued a convertible bond prospectus in June 2021, intending to invest $50 million in the construction of the Mexican plant, which will build 14 new aluminium steering knuckle casting production lines and 34 aluminium steering knuckle machining production lines, and is expected to start mass production in the first half of 2023. At present, the second phase of the Mexican plant project planning has been determined, the scale is expected to reach a project 2 times, the planning capacity of lightweight parts and components 4 million sets. Aikodi: public information shows that Aikodi is mainly engaged in the research and development, production and sales of automotive aluminium alloy precision die castings. In 2014, the company in order to seize the opportunity of global automotive development, through the Hong Kong subsidiary investment in Mexico IKD FAEZA production base, and put into production in 2016. 2020