From May 7 to 9, the
CONFEDERATION OF CHINESE METALFORMING INDUSTRY hosted the 'New Energy Vehicle Metal Forming Technology Conference' in Hefei, focusing on cutting-edge technologies such as integrated casting and lightweight forgings to drive the industry's transformation towards shorter production cycles, lower costs, and higher intelligence. The market size for new energy vehicle forgings is expected to exceed 80 billion yuan by 2025, with lightweight forgings accounting for more than 35%. This has led to a surge in orders for large presses of over 8,000 tons, and the domestication rate has broken through 50% for the first time.
May 8, Neway CNC put into operation its fourth factory in Suzhou, with an expected added output value of 700 million yuan. It also signed a contract for the fifth phase high-end intelligent CNC equipment project, focusing on the production of high-end equipment such as vertical lathes and grinding machines.
May 9, Hengfeng Tools revealed at its performance briefing that the company has started trial production of roller screw processing tools for humanoid robots and plans to expand into processing solutions for other key components (such as gears and threads).
May 9, Germany's EOS announced that it would provide LPBF (Laser Powder Bed Fusion) technology training to the U.S. Navy, aiming to improve the efficiency of 3D printing in the navy and address the technical and labor gaps in AM. (EOS is the world's largest and one of the most technologically advanced manufacturers of SLM selective laser melting additive manufacturing systems.)
In the first quarter of 2025, China's consumption of new energy vehicle cutting tools increased by 18% year-on-year, and the market size for integrated casting mold processing tools exceeded 1.5 billion yuan, with ZCCCT and Xiamen Golden Egret holding a 65% share.
