Baowu Magnesium Industry: Sailis Magnesium Alloy products have all been provided by the company. The single bicycle usage has exceeded 20kg.

Baowu Magnesium Industry stated on the interactive platform that in the past year, the price of magnesium has remained consistently lower than that of aluminum, and the penetration of lightweighting in the automotive industry continues to accelerate. Die-casting plants are continuously expanding their layout in magnesium die-casting, including Xusheng, Wencan, Aikodi, Mileyxin, and others are all increasing their investments in magnesium die-casting. Complete vehicle enterprises such as Siles, Geely, SAIC, FAW, GAC, and other new energy vehicles are all increasing the penetration of magnesium products, with Siles' Wanjie magnesium alloy products now providing over 20kg per vehicle. In the future, with the introduction of large magnesium die-casting parts such as electric drive casings, rear floors, and inner door panels on vehicles, the amount of magnesium used in a single vehicle is expected to reach 50-100kg. In terms of product categories, areas such as dashboard brackets, electric drive casings, and rear floors are accelerating the development of magnesium applications. From the perspective of the company and other companies in the same industry, magnesium alloy automotive die-casting is facing unprecedented opportunities for development.