On December 13, at the “WISE 2021 King of New Economy-Capital Market Summit Forum” held at 36Kr, Yoshioka Precision Chairman Zhou Yan introduced the current status of Yoshioka Precision’s business and shared his opinions on related businesses such as auto parts. view.
Wuxi Yoshioka Precision Technology Co., Ltd. (hereinafter referred to as “Yoshioka Precision”) is the first listed company in Wuxi to land on the Beijing Stock Exchange. The company is a provider of precision metal parts, mainly engaged in the research and development, production and sales of high-end precision aluminum alloy parts. Yoshioka Precision’s main products include cleaning electrical parts, auto parts, power tool parts, 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 a technical analysis of the material design process that cars must lose 18% in 2015-2020, 30% in 2020-2025, and 40% in 2025-2030.
“From the perspective of the split plan of the car composition, many parts of the car use iron, which can completely replace steel with aluminum. According to the output forecast by the International Aluminum Association, it is expected that the amount of aluminum used in a bicycle will reach 234.35 kg in 2030. Correspondingly Die castings accounted for 61%.” Zhou Yan said.
In this regard, Tesla CEO Musk has begun to deploy, and Tesla has invested four die-casting machines in its factory in Lingang, Shanghai.
Zhou Yan believes that Tesla’s large-scale integrated die-casting has brought a revolution in automotive engineering. The first is weight efficiency, and the rear body adopts one-piece die-casting. Model Y is larger, but 10-20 kg lighter than the smaller Model 3. The second is time efficiency. The entire process time has been shortened a lot, and more than a dozen welding robots and punching machines have been reduced on the equipment.
In terms of power tools, each family in Europe and the United States has different varieties and uses of household appliances tools, and they can also be used as gifts for each other, and they have greater market development potential.
Zhou Yan said that with the increasing labor costs in China, China’s DIY market may gradually form in the future, and China’s household power tool market will also grow steadily. Statistics show that the sales revenue of household electric tools in China is expected to reach 81.5 billion yuan in 2025. Industrial power tools can reach 122.3 billion yuan.