Feb.23, China – Ningbo Fangzheng Automobile Mold CO., Ltd (Ningbo Fangzheng), a Chinese company producing plastic automotive molds, said on the interactive platform that the company is now supplying plastic films to Li Auto.
Why it matters
With the advent of new energy vehicles, lightweight design will be an inevitable trend in automotive design, and plastics can make automotive lightweight design a reality. Plastics are widely used in the automotive industry, which will surely bring a new historical opportunity to the plastics industry and the automotive injection molding industry.
About Ningbo Fangzheng
Ningbo Fangzheng engages in the research and development, design, manufacture, and sale of automotive plastic molds. The company was founded on March 16, 2004 and is headquartered in Ningbo, China.
Its products include large injection molds, blow molds, precision molds, melt-blown cloth molds, and plastic parts and accessories. It offers dashboard mold, seat mold, door mold, low pressure injection mold, fuel tank and filler pipe blow mold, air conditioner air filter mold, electroplating parts and high gloss parts molds, and ventilation pipe mold products.
Ningbo Fangzheng reported on the investor interaction platform on October 28, 2021 that the company’s cooperation with new energy vehicle brands such as Tesla, NIO, and Li Auto is proceeding normally.
The significance of the cooperation
For Li Auto, more than 95% of the parts rely on mold molding, and more than 300 sets of plastic molds are needed to manufacture an ordinary car. In other words, the good or bad of auto plastic molds directly affects the appearance and performance of the car.
Ningbo Fangzheng, as a leading enterprise in automotive plastic mold industry with advantages in technology research and development and customer resources, joins hands with Li Auto to help upgrade the new products of Li Auto and help improve the battery life of new energy vehicles through the optimization on lightweight manufacturing (for every 100 kg reduction in weight of new energy vehicles, the battery life of electric cars will be improved by 6%~11% and the daily wear and tear cost will be reduced by 20%).
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