[Click eStock] "Hanju Light Metal, Benefiting from Increased Demand for Automotive Lightweight Parts"

[Asia Economy Reporter Jang Hyowon] Eugene Investment & Securities analyzed on the 5th that Hanju Light Metal is expected to achieve stable performance growth along with the increasing global demand for lightweight automotive parts.

Hanju Light Metal is an automotive parts manufacturing company that supplies lightweight parts to domestic and international automakers based on 35 years of advanced aluminum casting technology. The manufactured parts are commonly used in both internal combustion engine vehicles and electric vehicles. Its clients include Hyundai Kia Motors, Renault Korea, GM, Ford, and Nissan.

Researcher Park Jongseon of Eugene Investment & Securities explained in the report on the same day, “Hanju Light Metal is leading the automotive lightweight market through the development of next-generation casting methods,” adding, “The product composition is 39.8% engine parts, 35.44% chassis parts, and 10.6% electric vehicle parts, and it has secured six clients among the global top 10 companies.”

Researcher Park Jongseon stated, “We are promoting the expansion of existing chassis parts (knuckle/carrier, hybrid disc, side member, etc.) to all vehicle types (internal combustion engine vehicles, hybrid vehicles, electric vehicles, hydrogen vehicles, etc.),” and “The new product, control arm, is also scheduled to be supplied to GM and Hyundai Kona’s successor models.”

He added, “Electric vehicle parts are planned to be expanded to newly applied vehicles through the increased participation in key projects of major automakers.”

Additionally, he anticipated that Hanju Light Metal will expand global market orders starting with the full-scale establishment of its European production base, including its first entry into Slovakia, Europe. Furthermore, attention should be paid to the company’s diversification efforts after listing, pursuing new businesses such as control arms, body structure parts development, integrated cross members, 5G wireless communication heat sinks development, and battery pack end plate development.

This content was produced with the assistance of AI translation services.