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Neta and LK Technology will jointly develop a die-casting machine in the 20,000-ton class, which is expected to reduce the manufacturing time of vehicle chassis from 1-2 hours to 1-2 minutes.
(A large die-casting machine displayed on LK Technology’s website.)
The arms race in China’s electric vehicle (EV) industry is spilling over into large-scale die-casting machines.
Neta, a brand of Hozon Auto, announced today that it signed a strategic cooperation agreement with Hong Kong-listed integrated die-casting machine maker LK Technology on December 15 to jointly develop die-casting equipment in the 20,000-ton class.
The equipment will be the most powerful in the field globally, surpassing the 12,000-ton die-casting machine currently used by Xpeng (NYSE: XPEV), the 9,000-ton die-casting machine used by Tesla (NASDAQ: TSLA) and Aito, and the 7,200-ton die casting machine used by Zeekr, Neta said.
With the help of this equipment, the integrated die-casting technology will be used for
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