星源卓镁一年斩获逾四十亿镁合金大单

Core Insights - Xingyuan Zhuomei (301398) has secured significant contracts for magnesium alloy powertrain components from domestic electric vehicle manufacturers, indicating strong demand for lightweight materials in the automotive sector [1][2]. Group 1: Company Developments - On November 5, Xingyuan Zhuomei announced it received a supplier designation from a domestic electric vehicle manufacturer to develop and supply magnesium alloy powertrain shell components, with projected sales of approximately 2.021 billion yuan over four years from Q3 2026 [1]. - In the past year, the company has consistently won large orders from automakers, leveraging its competitive advantage in lightweight materials [1]. - The total value of magnesium alloy-related orders announced by Xingyuan Zhuomei since November of last year has reached approximately 4.094 billion yuan, nearly ten times its projected revenue for 2024 [2]. Group 2: Industry Trends - The automotive industry is increasingly focused on lightweight components to enhance performance, with magnesium alloys offering unique advantages such as low weight, excellent electromagnetic shielding, and superior heat dissipation [2]. - Research indicates that reducing the weight of electric vehicles by 10% can improve average range by 5% to 8% and decrease energy consumption by 5%, highlighting the urgent need for lightweight materials in the sector [3]. - Current mainstream lightweight materials include high-strength steel, aluminum alloys, magnesium alloys, and carbon fiber, with magnesium alloys expected to see increased adoption as processing technologies improve [3].