Market Share of China Automotive Parts Aluminum Die Casting Industry
The Chinese automotive parts aluminum die casting market is fragmented, with many players accounting for a small market share. The market is characterized by the presence of considerably large players who have secured long-term supply contracts with major automotive OEMs. Some prominent companies in the market studied are Nemak, RYOBI Die Casting, Linamar Corporation, and ALCOA Inc. The major players in the country are entering into strategic partnerships with global leaders to gain a considerable market share. These players also engage in joint ventures, mergers and acquisitions, new product launches, and product development to expand their product portfolios and cement their market positions. For instance,
In August 2023, GF Casting Solutions announced its expansion in the Chinese market with its new plant in Shenyang, Northern China. The plant produces highly complex aluminum and magnesium castings for the automotive industry and is located close to the automotive manufacturers’ (OEM) production sites.
In August 2022, Fawer Automotive Parts Limited Company invested USD 12.52 million (CNY 90 million). Through this investment, the company set up a die-casting subsidiary to develop, manufacture, and sell aluminum alloy die-casting products.
In May 2022, Rheinmetall AG and HASCO KSPG Nonferrous Components (Shanghai) Co. Ltd won a major order for transmission housings from a world-leading electric vehicle manufacturer. The transmission housings will be produced at the joint venture plant of Rheinmetall AG and HASCO KSPG Nonferrous Components (Shanghai) Co. Ltd. Each transmission housing will consist of an aluminum alloy manufactured by pressure die casting technique.
In September 2022, Alcoa Corporation launched a new high-strength, 6000 series alloy, A210 ExtruStrong, for automotive, construction, industrial, and consumer goods applications. Alcoa Corporation licensed C611 EZ cast alloy production and sales to CSMet New Material Group Co, based in Shanghai, China.
In February 2022, SuperTurbo Technologies Inc. and Linamar Corporation agreed to manufacture, test, and supply SuperTurbo turbochargers. SuperTurbo turbochargers provide an on-demand boost to internal combustion engines, which helps to precise control and balance boost pressure and air-fuel ratio. These turbochargers comply with China 7, Euro 7, and California Air Resource Board/EPA 2024/2027 emissions norms.
China Automotive Parts Aluminum Die Casting Market Leaders
Nemak
Ryobi Die Casting
ALCOA Inc.
Linamar Corporation
Rheinmetall AG
*Disclaimer: Major Players sorted in no particular order
