GF Casting GF Receives Record Orders for E-Mobility in China
GF Casting Solutions will supply a large number of lightweight components for a new generation of electric vehicles in China. The new contracts amount more than CHF 300 million.
One major order amounts to CHF 235 million and contains light metal e-drive components for a completely new developed e-vehicle platform from a well-known European car manufacturer. The lightweight parts will be produced at the Suzhou (China) plant of GF Casting Solutions as of 2019. This large contract is part of a whole series of new orders for e-cars which has been placed in the last few months for a total value of approximately CHF 370 million.
The high number of new orders underscores GF Casting Solutions' lightweight competence in the fast growing e-mobility market segment in China. Lightweight design is an important factor to improve the range of electric cars. Already 30% of all worldwide orders obtained in 2018 by the division were for components and solutions for hybrid and electric cars. For the Chinese market, this ratio exceeds 50%.
About GF Casting Solutions
GF Casting Solutions is one of the world’s leading solution providers and a technologically pioneering development partner and manufacturer of components for passenger cars, trucks, the aerospace and energy segment as well as industrial applications. The division provides casting solutions in iron, aluminum, magnesium and super alloys at production plants in Switzerland, Germany, Austria, Romania, China and the US.