The technology group Rheinmetall AG has won a follow-up order from a well-known German carmaker to produce aluminum engine blocks with a total value of over EUR100 million. Full-scale production is planned to begin in 2023 and the lifetime of the contract extends beyond 2030.
Representing lifetime sales well into double-digit euro-million territory, the Shanghai-based Rheinmetall joint venture HASCO KSPG Nonferrous Components has won a major order from a leading international automaker.
Via its subsidiary Pierburg GmbH of Neuss, Germany, the Rheinmetall Group plans to supply hydrogen recirculation blowers to Daimler Truck Fuel Cell GmbH & Co. KG, the company which bundles all of Daimler AG’s activities in the field of fuel cell technology. The deal represents sales volume in the two-digit euro-million range.
An internationally operating maker of premium automobiles has awarded Hasco KSPG Nonferrous Components, a joint venture of Rheinmetall Automotive AG, a major order for electromotor housings. Designed for a water-cooled synchronous motor with four different performance levels, they will be installed in the OEM’s entire fleet of electric vehicles.
The Rheinmetall Automotive AG was not spared the impact of the corona pandemic and the global crisis in the automotive industry. A report for the first half of 2020 indicates a triple-digit million sales decline for the company.
Rheinmetall Automotive showed a robust performance in a weak market environment 2019. Though a drop in sales, the company considers itself well positioned once the global automotive markets stabilize after the corona crisis.
KS Huayu AluTech GmbH is producing its first all-aluminum four-cylinder diesel engine for a widely used passenger car diesel engine series from a major German automobile manufacturer. This is the transverse version of the engine series that is now in volume production.
Rheinmetall Automotive AG, an automotive-industry supplier belonging to the Rheinmetall Group, is expanding its activities to include new product categories. Through its Chinese joint venture HASCO KSPG Nonferrous Components Co., Ltd. (KPSNC), the company has recently been awarded a contract to manufacture aluminum housings for the 5G network.
For electric drive systems, automobile manufacturers need the internal combustion know-how of their suppliers, says Horst Binnig, head of Rheinmetall Automotive. This should have a positive effect on traditional companies.