Revolutionizing Die-Casting: Mingteng International and Jilin University Launch Innovative Hot-Work Die Steel for 80,000-Cycle Lifespan and 40% Cost Savings

Mingteng International Corporation, a leading automotive mold developer from Wuxi, China, recently announced an exciting partnership with Jilin University. This collaboration, effective from December 2024 to December 2027, focuses on developing a new type of hot-work die steel for die-casting molds. The aim is to elevate Mingteng’s technical capabilities and meet the rising demand for high-quality aluminum alloy die-castings.

What’s particularly interesting is that this agreement empowers Mingteng to use any patents that arise from the research. They expect that this new material will have a die-casting lifespan exceeding 80,000 cycles, which is significantly better than current offerings like the imported 8407 die steel. Additionally, they anticipate cutting overall material costs by 40%. So far, the first batch of trial materials has been delivered to customers for testing, showing promising results.

Mr. Yingkai Xu, the CEO of Mingteng, highlighted the growing need for lightweight materials in various industries, such as electric vehicles and aerospace. He mentioned that partnering with Jilin University allows them to strengthen their technology to compete globally. The collaboration aims to match the quality of international brands like ASSAB and Hitachi while keeping costs low.

This partnership reflects a broader industry trend. According to a recent report from MarketsandMarkets, the global aluminum die-casting market is estimated to grow from $3.51 billion in 2021 to $5.25 billion by 2026. This highlights the increasing demand for high-quality materials in manufacturing.

In China, educational institutions like Jilin University are part of national initiatives aimed at boosting the competitiveness of local universities. This partnership is a step towards harnessing academic research to solve practical industry challenges.

In summary, Mingteng’s collaboration with Jilin University not only aims to innovate material technology but also to position itself strongly in a rapidly evolving market, ensuring sustainable growth and competitiveness. The company is optimistic about the future, confident that their advancements will drive long-term success.

For more insights into industry trends and advancements, visit MarketsandMarkets to explore reports on the aluminum die-casting market.

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