Weiqiao and light­weight technology

Düs­sel­dorf, 25.07.2022

On the top­ic of light­weight tech­no­logy, Weiqiao will work with three dif­fer­ent part­ners to build a new energy vehicle indus­tri­al park.

On the after­noon of July 6, Bin­zhou Eco­nom­ic and Tech­no­lo­gic­al Devel­op­ment Zone, Shan­dong Weiqiao Pion­eer­ing Group, Chongqing Xiao­Di­an­Ti­anTi New Energy Vehicle Co. and Soft­Bank Cap­it­al signed a cooper­a­tion agree­ment in Bin­zhou. The four parties will work togeth­er to build a new energy vehicle indus­tri­al park in Bin­zhou, fea­tur­ing light weight, fast man­u­fac­tur­ing and flexibility.

This cooper­a­tion pro­ject for a new energy auto­mobile indus­tri­al park with a total invest­ment of 5 bil­lion ¥ (€7.3 bil­lion) is tak­ing place in two phases:

Phase I, with an invest­ment of 2 bil­lion ¥ and a planned annu­al pro­duc­tion of 100,000 new-energy elec­tric vehicles, an integ­rated die-cast­ing pro­duc­tion line and part of the stamp­ing pro­duc­tion line, weld­ing pro­duc­tion line, paint­ing pro­duc­tion line, final assembly pro­duc­tion line and test line will be built.

In Phase II, with an invest­ment of 3 bil­lion ¥, pro­duc­tion capa­city will be expan­ded to 300,000 vehicles per year. For this pur­pose, mainly auto­mot­ive-related pro­duc­tion lines and oth­er pro­duc­tion lines such as car­bon fibre and com­pos­ite mater­i­als will be built. The main advant­ages of the pro­ject are:

First, it can enable the devel­op­ment of an all-alu­mini­um, green light­weight mod­el. A short new man­u­fac­tur­ing pro­cess will be used for this to reduce man­u­fac­tur­ing costs and improve pro­duc­tion efficiency.

Second, a light­weight, intel­li­gent, and flex­ible chassis will be cre­ated by devel­op­ing an all-alu­mini­um skate­board chassis in con­junc­tion with the applic­a­tion of new tech­no­lo­gies for the three-phase elec­tric­al system.

Third, the use of online soft­ware update ser­vices such as Tesla OTA meets the dif­fer­ent needs of the mar­ket and consumers.

Fourth, the com­bin­a­tion of Weiqiao Pion­eer­ing Group’s auto dis­mant­ling and recyc­ling busi­ness and recycled alu­mini­um busi­ness will achieve a closed loop. In addi­tion, this is the industry’s first ven­ture of recyc­ling vehicles with green energy.

The first mod­el is sched­uled to enter mass pro­duc­tion at the end of 2023. After pro­duc­tion, it will have a dir­ect pro­duc­tion value of over 10 bil­lion. ¥ (€1.4 bil­lion) and upstream and down­stream pro­duc­tion value to over 100 bil­lion. ¥ (€14.4 billion).

About WEIQIAO Germany GmbH:

WEIQIAO Germany GmbH is a European sub­si­di­ary and European headquar­ters of the Chinese Shan­dong Weiqiao Pion­eer­ing Group. The group includes three lis­ted com­pan­ies, two of which are lis­ted in Hong Kong, 12 domest­ic and over­seas pro­duc­tion sites and over 100,000 employ­ees world­wide. The group cov­ers the com­plete value chain of the tex­tile and alu­min­um industry.