Wanfeng Auto Wheel reports revenue growth in Al/Mg alloy components sector
2025-05-08 16:31:40 [Print]
Zhejiang Wanfeng Auto Wheel Co., Ltd. achieved a total revenue of 16.26 billion yuan (2.25 billion US dollars) in 2024, up slightly by 0.35% from the previous year, according to the company's annual report.
Among its two main segments, the "Aluminum-Magnesium Alloy" lightweight automotive metal components business, which includes aluminum alloy wheels and lightweight magnesium alloy parts, achieved revenue of 13.45 billion yuan (1.86 billion US dollars) in 2024, a slight increase of 0.09% year-on-year.
The report also revealed that the company produced about 10.53 million pieces of magnesium alloy die-casting products in 2024, with sales reaching 12.3109 million units, reflecting year-on-year declines of 28.07% and 23.86% respectively. In contrast, production of aluminum alloy wheels reached 22.4328 million units, with sales of 22.3401 million units, marking year-on-year growth of 16.95% and 17.27% respectively.
Among its two main segments, the "Aluminum-Magnesium Alloy" lightweight automotive metal components business, which includes aluminum alloy wheels and lightweight magnesium alloy parts, achieved revenue of 13.45 billion yuan (1.86 billion US dollars) in 2024, a slight increase of 0.09% year-on-year.
The report also revealed that the company produced about 10.53 million pieces of magnesium alloy die-casting products in 2024, with sales reaching 12.3109 million units, reflecting year-on-year declines of 28.07% and 23.86% respectively. In contrast, production of aluminum alloy wheels reached 22.4328 million units, with sales of 22.3401 million units, marking year-on-year growth of 16.95% and 17.27% respectively.
Magnesium Alloy AM50A FOB China
Unit:USD/mt
China magnesium alloy producers' sales to production ratio statistics by month
Unit: %
