Will outsourcing gigacasting body sections form an emerging industry in China?
The rise of aluminum gigacasting in China's automotive sector, especially for new energy vehicles (NEVs), is driven by weight reduction and efficiency needs. Deciding between outsourced supply chains and in-house production raises sustainability and cost concerns.
According to S&P Global Mobility, the production of electric light vehicles in mainland China is expected to exhibit a compound annual growth rate (CAGR) of 16% between 2023 and 2030, reaching a total of 19 million units. The electric vehicle industry in mainland China has undergone a remarkable transformation in recent years, firmly establishing the country as a global leader in the EV sector. China holds the distinction of being the world's largest EV market, contributing to over half of global EV production.
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