ZD Metal Products, Inc., a North American subsidiary of Zhongding Co., Ltd. (hereinafter referred to as "ZD Metal"), recently received a notice from the customer that the company has become a mass supplier of roof rack assembly products for the pure electric truck project of Magna Exteriors, Inc. (hereinafter referred to as "Magna"). ZD Metal has been committed to the R&D and development of magnesium alloy in the field of automotive lightweight products, especially in the application field of new energy vehicles. The company has world-leading R&D and supporting capabilities in various aspects such as "system assembly supporting, automotive lightweight R&D, new energy field application, and overall design of service solutions".
The roof rack assembly products this time adopt leading magnesium alloy technology, with a total project life cycle amount of about 2.453 billion yuan. Winning the cooperation project with Magna this time is the customer's recognition of the company's technology in the development of automotive new energy field, lightweight field and assembly direction. It is also an important market breakthrough for the company's magnesium alloy technology, laying a foundation for the company to further expand the market in the future new energy and automotive lightweight fields. In the follow-up, the company will complete the production of the above series of products within the specified time in accordance with the customer's requirements.
In recent years, with the global rise of the new energy vehicle industry, Zhongding has kept pace with the times, made continuous breakthroughs in technological R&D and market development, and has won project designation letters from more than ten auto companies in the domestic and foreign new energy vehicle fields, including Tesla and other global giants in the new energy vehicle industry.