Core Viewpoint - Mingteng International Corporation has entered into a technology development agreement with Jilin University to develop a new hot-work die steel for die-casting molds, aiming to enhance its technical capabilities and meet the growing demand for high-quality aluminum alloy die-castings [1][4]. Company Overview - Mingteng International Corporation is an automotive mold developer and supplier based in China, focusing on molds for auto parts and providing comprehensive mold services including design, production, assembly, testing, and after-sales service [5]. - The company’s main products include casting molds for various automotive systems, including turbocharger systems, braking systems, and new energy electric vehicle components [5]. Strategic Initiative - The Entrustment Agreement with Jilin University is effective from December 26, 2024, to December 26, 2027, and aims to develop a new hot-work die steel that will improve die-casting lifespan to over 80,000 cycles and reduce material costs by 40% [1][2]. - Wuxi Mingteng has already fabricated molds using the first batch of trial die steel materials, which have been delivered for preliminary application testing, showing performance in line with expectations [2]. Market Context - The demand for high-quality aluminum alloy die-castings is increasing due to the rapid development of industries such as new energy vehicles, electronics, and aerospace, which is driving the expansion of the die-casting mold material market [4]. - The collaboration with Jilin University is intended to strengthen the company's technical capabilities to compete with international peers like ASSAB, Hitachi, and Daido, aiming for high performance and quality at a cost-effective level [4]. Future Outlook - The new hot-work die steel is expected to be a key growth driver for Mingteng International, with anticipated strong revenue generation linked to the widespread industrial demand for aluminum alloy die-castings [4].