BAOWU MAGNESIUM(SZ:002182)2024-07-17 03:04Group 1: Production Methods - The company primarily uses the silicon thermal reduction method for magnesium production, which is simpler and has lower costs compared to the electrolysis method [1] - The electrolysis method, while producing high-purity magnesium, involves complex processes and higher investment costs [1] Group 2: Applications of Magnesium Alloys - Magnesium alloys are utilized in the automotive industry for large components and integrated die-cast parts, such as dashboard supports and seat brackets [2] - The company has developed magnesium alloy building templates, which have a cost advantage due to reduced magnesium prices and improved processing techniques [2] - Collaborations with companies like XPeng Motors and DJI highlight the use of magnesium alloys in low-altitude economy applications and drone components [2] Group 3: Future Development Strategies - The company emphasizes technological innovation and new product development as core strategies, focusing on energy-saving and efficient magnesium production processes [2] - Ongoing projects include the expansion of magnesium production capacity, with the Anhui Baomei facility entering a ramp-up phase and new projects set to commence in late 2024 [3] - The partnership with Huichuan Power aims to develop lightweight magnesium alloy electric drive assemblies, enhancing energy efficiency and vehicle range [3] Group 4: Commitment to Transparency - The company ensures compliance with information disclosure regulations, maintaining accurate and timely communication with investors [3]