On December 13, at the "WISE 2021 New Economy King - Capital Market Summit Forum" held at 36Kr, Zhou Yan, Chairman of Yoshioka Precision, introduced the current situation of Yoshioka Precision's business and shared his views on auto parts and other related businesses.
Wuxi Yoshioka Precision Technology Co., Ltd. (hereinafter referred to as "Yoshioka Precision") is the first listed enterprise in Wuxi to land on the Beijing Stock Exchange. The company is a supplier of precision metal parts, mainly engaged in the research and development, production and sales of high-end precision parts of aluminum alloy. Yoshioka Precision's main products include cleaning electrical accessories, auto parts, power tool accessories, etc.
In Zhou Yan's view, driven by the demand for lightweight automobiles, aluminum alloy die casting is a high-quality track.
According to him, the China Association of Automotive Engineers has concluded through technical analysis of the material design process that cars must lose 18% in 2015-2020, 30% in 2020-2025, and 40% in 2025-2030.
"Judging from the split floor plan of the car composition, many parts of the car use iron, and aluminum can be used instead of steel. According to the output predicted by the International Aluminum Association, it is expected that the amount of aluminum used for bicycles will reach 234.35 kg in 2030, corresponding to 61% of die castings. Zhou Yan said.
In this regard, Tesla CEO Musk has begun to lay out, and Tesla's factory in Lingang, Shanghai, has invested four die casting machines.
Zhou Yan believes that Tesla's large-scale integrated die-casting has brought about a revolution in automotive engineering. The first is weight efficiency, and the rear body is one-piece die-cast. The Model Y is larger in size, but 10-20 kg lighter than the smaller Model 3. The second is time efficiency, the whole process time is shortened a lot, and the equipment is also reduced by more than a dozen welding robots and stamping machines.
In terms of power tools, each family in Europe and the United States has different varieties and uses of household appliances and tools, and can also be used as gifts to each other, with greater market development potential.
Zhou Yan said that with the increasing cost of Chinese labor, China's DIY market may gradually form in the future, and China's domestic power tool market will also grow steadily. According to the data, it is expected that the sales revenue of china's national power tools will reach about 81.5 billion yuan in 2025. Industrial power tools can reach 122.3 billion yuan.
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