Integrated casting is the general trend, and independent brands are promising

Securities Times Network News, CITIC Securities believes that based on the significant cost reduction advantages of integrated casting, new forces and traditional car companies are laying out one after another to catch up with Tesla. We believe that with the accelerated penetration of integrated die-casting technology, on the one hand, it will drive the rapid development of related auto parts enterprises, and at the same time, it will open up the trend of large-scale die-casting machine specifications, opening up new space for equipment enterprises. At the same time, one-piece casting puts forward new requirements for alloy materials, which will also benefit domestic related new material enterprises. We recommend Wencan, the leading domestic high-pressure die casting company, Topp Group, a Tier 0.5 platform component supplier, and Lizhong Group, a global supplier of new light alloy materials and lightweight automotive components. We suggest that we pay attention to Lijin Group, Guangdong Hongtu, Quanfeng Automobile, Aikedi, Xusheng and Rongtai.