Located in the Jiangyan Economic Development Zone of Taizhou, Jiangsu Pacific Precision Forging's project involving lightweight auto parts for new energy vehicles utilizes independently developed production lines, molds, and fluid pressure forming technologies.
A bird's eye view of Jiangsu Pacific Precision Forging in Jiangyan EDZ. [Photo/WeChat account: jyrmzf]
Automated processing has significantly improved product quality, stability, and processing efficiency, resulting in high-performance, high-strength, cost-effective, and lightweight products. The project has achieved a global standard, with the comprehensive efficiency of the automated production lines exceeding 80 percent.
With a total investment of 3 billion yuan ($418.43 million), the project is focused on manufacturing key lightweight parts and precision aluminum alloy forging components for new energy vehicles. Full production is anticipated by February next year, with installation and testing currently 70 percent complete. The project is projected to achieve an annual output value of 1 billion yuan.
As a key enterprise in Jiangyan Economic Development Zone, Jiangsu Pacific Precision Forging is emerging as a primary supplier for various new energy vehicle brands, with approximately 35 percent of its products being exported to Europe, America, and Japan.