[Click eStock] "Woosoo AMS, Aluminum Die Casting and Electrification Parts Growth Expected"

Yuanta Securities forecasted on the 22nd that Woosoo AMS's aluminum die-casting and electrification parts business divisions will experience growth.

Kwon Myung-jun, a researcher at Yuanta Securities, explained, "Changes in materials and processes for automotive parts are underway," adding, "The process is shifting from casting to die-casting, and the material is transitioning from steel to aluminum."

He continued, "In the case of eco-friendly vehicles, efforts are being made to offset the increased weight of secondary battery packs by reducing the weight of the vehicle itself and its parts," and added, "Woosoo AMS established an aluminum die-casting factory in 2015." Furthermore, he emphasized, "A large die-casting machine will be installed in the second half of this year," and "With the large die-casting machine, it will be possible to produce products of various sizes, enabling the expansion of new customers alongside existing sales channels."

He also analyzed, "Woosoo AMS is evolving into an E-mobility solutions company," and "Its subsidiary, Woosoo TMM, has succeeded in localizing over 80% of parts for ultra-small electric vehicles." He added, "They achieved performance exceeding government certification standards in driving performance and impact tests," and stated, "Based on this technology, they plan to supply motors and inverters to various companies and industries."

Researcher Kwon emphasized, "Woosoo TMM possesses diverse technological capabilities ranging from motors and inverters to control systems," and stressed, "While there are companies that have individual technological capabilities in motors, inverters, and control, only a few can integrate these into a comprehensive system."