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.
The joint venture between Rheinmetall Automotive and China's HUAYU Automotive Systems has developed a production process that is particularly suitable for highly complex engine block geometries and electric motor housings.
KS Huayu Alutech invests around 35 million euros in the construction of a new production hall in Neckarsulm. On 5,000 square meters, the automotive supplier will manufacture structural aluminum components in the future.