Suzhou ChunXing Precision Mechanical (002547.SZ) focuses on the development of new energy projects and deeply cultivates the automotive parts industry by accumulating strengths.

On the first day of 2024, various new energy vehicle companies successively announced their sales or delivery data for December 2023, and their annual performance for the previous year was also revealed. Huaxi believes that with the increase in high-quality supply and the application of new technologies as the main theme, as well as the continuous launch of new vehicle models and the improvement of cost-effectiveness brought about by innovative batteries and materials, new energy vehicles are expected to enter an accelerated penetration stage. Currently, intelligence and electrification have brought new opportunities for the development of the automotive parts industry. In recent years, benefiting from the rapid development of the new energy industry, SuZhou ChunXing Precision Mechanical (002547.SZ) has focused on the development of new energy projects and has been vigorously expanding its new energy vehicle business. After years of development, SuZhou ChunXing Precision Mechanical has become an excellent domestic precision lightweight metal structural component manufacturer and service provider, with multiple patented technologies in the fields of mold design and manufacturing technology, die-casting equipment application technology, semi-solid die-casting technology, die-casting post-processing technology, and precision CNC machining technology. Its products involve multiple industries such as communications, automotive, consumer electronics, medical, and new energy. In the field of automotive parts, SuZhou ChunXing Precision Mechanical mainly produces precision lightweight metal structural components for traditional fuel vehicles, precision aluminum alloy structural components and sheet metal components for new energy vehicle "three-electric systems". The company has launched high-performance and highly reliable products, including precision injection molded parts, precision stamped parts, precision machined parts, etc. These products have excellent performance and quality, and are widely used in the automotive parts field. By concentrating resources and focusing on advantageous industries, SuZhou ChunXing Precision Mechanical has achieved remarkable results in the layout of the new energy vehicle industry in recent years. The company has laid out shell structural component products for inverters and motors, and added supporting production capacity to fully grasp the development dividend of the new energy vehicle industry. At the same time, it has developed multiple new energy vehicle projects to develop high-quality key customers in the industry and expand sales. In recent years, the automobile industry of Shanxi Guoxin Energy Corporation has achieved rapid development, bringing new opportunities for the die-casting industry. The new energy vehicle "battery, motor, and electronic control" three-electric system, especially the automotive chassis structural components, widely use lightweight die-castings of aluminum and magnesium alloys. This marks the arrival of the "era of large-scale die-casting" with die-casting as the core. In 2022, the Ministry of Industry and Information Technology and other three departments proposed the "Guiding Opinions on Promoting the High-quality Development of the Foundry and Forging Industry". It stated that by 2025, advanced casting and forging process technologies such as integrated die-casting forming, moldless casting, and lightweight high-strength alloy lightening will be industrially applied. By 2035, the overall level of the industry will enter the international leading position, cultivating and forming internationally competitive advanced manufacturing clusters. With the rapid development of the industry and the support of industry policies, SuZhou ChunXing Precision Mechanical is expected to continue to deeply cultivate the new energy vehicle parts industry based on its years of technical accumulation, strengthen cooperation with advantageous resource companies and high-quality customers, explore the market in depth, develop new projects, improve the company's market share and performance growth, and further expand market share.