Neta and LK Technology to Jointly Develop 'World's Largest' Die Casting Machine

Neta, a brand of Hozon Auto, announced today that it signed a strategic cooperation agreement with Hong Kong-listed integrated die-casting machine maker LK Technology on December 15 to jointly develop die-casting equipment in the 20,000-ton class.

The equipment will be the most powerful in the field globally, surpassing the 12,000-ton die-casting machine currently used by Xpeng (NYSE: XPEV), the 9,000-ton die-casting machine used by Tesla (NASDAQ: TSLA) and Aito, and the 7,200-ton die casting machine used by Zeekr, Neta said.

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