The Zhitong Finance App learned that Lijin Technology (00558) rose nearly 6% in early trading. As of press release, it had risen 4.49% to HK$3.49, with a turnover of HK$17.558,500.

Galaxy Securities previously pointed out that under the trend of automobile lightweighting, Tesla is leading domestic and foreign car companies to enter integrated die-casting, and the industrial chain continues to progress. The continuous increase in integrated die-casting requirements will bring demand for larger tonnage die-casting machines, thereby further increasing the stand-alone value and competitive barriers of oversized die-casting machines. The industrialization process of integrated die casting from 1 to 10 continues to advance.

According to reports, in October 2023, Lijin Technology released its newly developed 16,000-ton oversized die-casting unit; on December 15, Lijin Technology signed a strategic cooperation agreement with Nachu Auto to reach in-depth strategic cooperation on the joint development of 20,000 ton oversized die-casting units and multiple businesses, thereby promoting the expansion of integrated die-casting from A0-C class and SUV models to B-class car body chassis; on December 23, Lijin Group and Chery Automobile jointly released the world's first ultra-10,000 ton double pressure casting process; on December 25, Lijin Group led the completion of the “7,000-ton oversized die-casting process The scientific and technological achievements appraisal meeting of the “R&D and Application of Key Equipment Technology” project was held at Xiaopeng's Guangzhou base