Against the backdrop of a complex global economy and rapid technological innovation, the die casting industry underwent profound transformations in 2024 and seized unprecedented growth opportunities. From surging demand in emerging markets to enterprises expanding overseas footprints, from breakthroughs in technological innovation to price fluctuations in raw materials—the sector stands at a critical inflection point. This article reviews major events in the die casting industry in 2024 and analyzes future trends to provide valuable insights for industry practitioners.
Chinese die casting companies launched a wave of "going global" in 2024, with Thailand emerging as a favored investment destination. Firms like Ningbo Xingyuan Zhuomg Technology and Guangdong Hongte Technology made substantive progress in their Thai projects. Meanwhile, Meilixin Technology established a die casting production base in the U.S. via acquisitions and capital increases, expanding its global market share and competitiveness.
Leading automakers such as Toyota and BYD introduced 9,000-ton ultra-large die casting machines for EV chassis and structural components. Guangdong Hongtu put its 16,000-ton die casting machine into operation, and Dongfeng Motor also procured the same model. The widespread adoption of these machines significantly boosted production efficiency, accelerated lightweighting and integration in NEV manufacturing, reduced costs, and improved product quality.
Magnesium alloy injection molding technology expanded its application in automotive parts: SAIC Motor launched the world’s first mass-produced magnesium alloy injection-molded electric drive housing, while Chongqing University and partners trialed the world’s first magnesium alloy semi-solid injection-molded car wheel. Meanwhile, magnesium ingot prices dropped from RMB 20,200/ton at year-start to RMB 16,000/ton by year-end—this downward trend boosted investor confidence and attracted more enterprises to the magnesium alloy die casting sector.
Automotive parts firms like AKM and Tuopu Group expanded into intelligent robotics, while Wuchan Zhongda Group acquired Sunfu Precision. Such moves not only enhanced enterprises’ comprehensive strength and risk resistance but also pushed the die casting industry toward higher-end, intelligent directions—facilitating industrial upgrading.
Multiple NEV projects broke ground, including BYD’s bases in Shenzhen and Jinan, CATL’s battery plants, and regional NEV component production facilities. The rapid growth of the NEV industry created huge market demand, becoming a strong driver for die casting.
As the automotive industry intensifies its pursuit of lightweighting, die casting will see broader use in manufacturing automotive parts. Demand for aluminum and magnesium alloy die-cast components will continue to rise.
Integrated die casting significantly improves efficiency, reduces costs, and enhances quality—its application will expand further in NEV manufacturing, pushing the industry toward larger sizes and greater integration. As XPeng Motors Chairman He Xiaopeng emphasized in his New Year’s message, intelligent technologies are deepening their role in auto manufacturing—and integrated die casting, as a key link, will play a crucial part.
To boost efficiency and quality, die casting enterprises will accelerate deployment of intelligent/automated equipment and technologies for automated process control. AITO Auto shone with intelligent technology at the Spring Festival Gala sub-venue, demonstrating the potential of smart production—this not only improves efficiency but also delivers better experiences for consumers.
Stricter environmental policies will push die casting firms to adopt green production: using eco-friendly materials/processes to reduce energy consumption and emissions. Kezhiying’s die casting release agents, with their environmentally friendly and efficient features, help enterprises achieve green production—aligning with regulatory requirements and supporting sustainable development.
Enterprises will integrate via mergers, acquisitions, and restructuring to increase market concentration and competitiveness. Closer collaboration across the industrial chain (upstream/downstream) will form a complete ecosystem. Firms like AKM and Tuopu Group have extended their chains via robotics, enhancing their overall competitiveness.
Beyond automotive, demand for die cast parts is growing in 5G communications, aerospace, and rail transit—opening new application scenarios. DJI drones’ performance at the Liuyang River Fireworks Show, XPeng Aeroht’s flying car R&D, and Yuanshutech’s Rice Bot robot at the Spring Festival Gala highlight the potential of low-altitude economy and robotics—creating new avenues for die casting.
In 2024, the die casting industry achieved remarkable results in overseas investment, ultra-large machine application, magnesium alloy innovation, industrial chain integration, and NEV project promotion. Looking ahead, trends like lightweighting, integrated die casting, intelligent production, green manufacturing, consolidation, and emerging markets will drive new growth.
As a leading die casting release agent brand, KZY’s aluminum and magnesium die casting release agents will continue to support enterprises in achieving efficient, eco-friendly, and intelligent production—pushing the industry to higher levels and writing a brilliant new chapter in 2025.
Terminology Consistency: Key terms (e.g., NEV, integrated die casting, magnesium alloy injection molding) align with global industry standards.
Data Accuracy: Financial/technical figures (e.g., machine tonnage, magnesium prices) are retained with precise unit conversions.
Brand Positioning: Kezhiying’s role in green die casting is highlighted to reinforce its technical edge and industry relevance.
The translation balances technical rigor with readability, accurately conveying the sector’s dynamics and Kezhiying’s value proposition.
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