L.K. Technology Holdings Limited announced that, it held a "Signing Ceremony for Strategic Cooperation in Giga Press and Technology" in collaboration with Nezha Motors, where both parties reached a deep strategic cooperation on the joint development of 20000 tonnes of Giga Press and various businesses. The die casting unit to be developed through this collaboration will have the highest clamping force in the world, with the potential to expand integrated die casting applications to the entire car body chassis of B-class vehicles and larger-sized models, creating more possibilities for integrated manufacturing. The "Signing Ceremony for Strategic Cooperation in Giga Press and Technology" was held today (15th) at the headquarters of Nezha Motors in Shanghai.

Mr. Zhang Yong, Co-founder and CEO of Nezha Motors, and Mr. Liu Siong Song, Founder of the Group, delivered speeches at the ceremony. According to the cooperation agreement, Nezha Motors plans to purchase multiple sets of smart die casting equipment from the Group, which includes the joint development of the world's largest 20000-ton Giga Press. These purchases set multiple industry records in terms of procurement scale and clamping force, breaking records in both the automotive and die casting equipment industries.

Additionally, both parties will engage in comprehensive and strategic cooperation in various business aspects, including the establishment of a die casting demonstration base and the formation of a die casting research institute. The 20,000-ton Giga Press to be developed in this collaboration will be currently the largest clamping force die casting unit in the world. It features advanced casting technology and a higher clamping force mechanism.

The integration capabilities will expand beyond the previous A0-C class and SUV models to include the chassis of B-class vehicles. This opens up more possibilities for the integrated manufacturing of technologically complex and larger automotive structural components. As a representative of the emerging force in the automotive industry, Nezha Motors covers the mainstream A0-B class market.

It is expected that the 20,000-ton Giga Press will assist them in achieving greater die casting machine applications, including the chassis of B-class vehicles. This will help accelerate their adoption of integrated die casting technology and seize opportunities in the new energy vehicle market. The successful signing of the 20,000-ton Giga Press represents a significant milestone in the entire die casting industry.

This equipment is expected to surpass the previous maximum tonnage of die casting machines and propel the integrated die casting technology for large automotive structural components to new heights. The upgrade in clamping force from 16,000 tons to 20,000 tons demonstrates the Group's confidence in technological innovation and product development, as well as its potential to lead the automotive die casting components towards larger and more integrated solutions. Moreover, this strategic cooperation agreement with Nezha Motors, a new and powerful client for the company, will facilitate industry-wide exchange of technology and experience, promote the application of Giga Press in the field of new energy vehicles, and achieve mutual benefits and win-win outcomes.

As part of this strategic cooperation, in addition to joint development of the 20,000-ton Giga Press, both parties will also collaborate on establishing a die casting demonstration manufacturing base in Anhui Province. They will also establish a die casting research institute, aiming to create the world's largest integrated die casting research institution that combines production, academy, and research. The focus will be on nurturing high-level design talents in the field of die casting research and development, technology, and tooling, with the goal of benefiting the industry and society as a whole.