[Market Focus] Halla Cast Begins Mass Production of Humanoid Parts... Partnering with Global AI Automotive Companies

Halla Cast is showing strong performance. Securities firms have analyzed that the company is expected to see improved results as it secures solid orders across various sectors, including future vehicles, humanoid robots, and batteries, which appears to be influencing its stock price.

As of 9:34 a.m. on September 3, Halla Cast was trading at 5,080 won, up 9.72% from the previous day.

SK Securities noted that Halla Cast succeeded in securing new orders worth approximately 350 billion won in the first half of this year, and it is expected that next year’s new orders could surpass this year’s level.

Founded in 1996, Halla Cast has entered various industries such as smartphones, automobiles, home appliances, and robots, establishing a unique position in the magnesium die-casting sector. Die-casting is a technology that melts special metals like aluminum, zinc, and magnesium at high temperatures and injects them into molds under high pressure, enabling the rapid production of precise and durable metal components. Halla Cast is currently producing parts for future vehicles, displays, home appliances, and robots with a wide range of die-casting equipment from 125 tons to 2,500 tons.

Na Seungdoo, a researcher at SK Securities, stated, "The client relationships that began with metal parts for smartphones have now expanded to include demand for components in future vehicles, autonomous driving, and display electronics." He added, "The significant increase in order volume since last year is expected to lead to mass production and revenue within two to three years, following product development and verification periods."

Active discussions are also underway with major overseas companies regarding both existing and new business areas. Na further commented, "It is difficult to find companies with similar die-casting technology and experience amid the global supply chain reorganization," and predicted, "Given the solid order backlog and continued interest from global companies, the long-term outlook is positive." He also cited the expansion of production capacity and scaling up using funds raised through the public offering as additional growth drivers.

Yoon Chulhwan, a researcher at Korea Investment & Securities, analyzed, "Recently, the company has been expanding its applications into the robotics industry," and explained, "While the use of die-casting parts is being actively considered in serving, delivery, collaborative, and industrial automation robots, the company is also securing orders for humanoid AI robot parts, marking a full-fledged entry into the robotics sector."

Halla Cast is registered as a first-tier vendor for a global AI automotive company and is directly developing electrical conversion devices, humanoid robot parts, and robotaxi components. Mass production is scheduled to begin next month, and currently, samples are being supplied. Due to high quality and production competitiveness, order volumes are steadily increasing, and it is expected that these will be reflected in full-scale revenue starting in 2025.