KS HUAYU AluTech GmbH wins order worth nearly €60 million from German premium carmaker

KS HUAYU AluTech GmbH wins order worth nearly €60 million from German premium carmaker

Rheinmetall wins trailblazing order for lightweight components

(PRESS RELEASE) DÜSSELDORF, 22-Jun-2021 — /EuropaWire/ — Rheinmetall AG (ETR: RHM), the integrated technology group for mobility and security, has announced that its joint venture with the Chinese auto parts manufacturer HASCO KS HUAYU AluTech GmbH has won a new order from a German premium automaker.

The order, worth just under €60 million, is for a structural part, specifically a rear end side member with integrated suspension strut and axel socket, destined for installation in a vehicle from a premium carmaker. The component will be installed in models powered by internal combustion engines as well as plug-in hybrid and all-electric variants.

Full-scale production of the pressure-cast aluminium part begins in 2024; the order runs for eight years. In line with principle of “local for local”, production will take place at KS HUAYU AluTech’s main German plant in Neckarsulm, thus assuring short shipping distances and lower, climate-friendly CO2 emissions.

For KS HUAYU AluTech, the order is particularly important in that it highlights the company’s strategic reorientation as an expert for large, highly complex structural cast parts for vehicles powered by conventional engines as well as models featuring new drive technologies. First and foremost, the customer was impressed by the underlying total technical concept of this highly integrative cast product, which in future will replace several subassemblies and individual components.

Media contact:

Oliver Hoffmann
Head of Press and Public Relations
Rheinmetall Platz 1
40476 Düsseldorf
Germany
Phone: +49 211 473-4748
Fax: +49 211 473-4157

SOURCE: RHEINMETALL AG