HK Stock Price Fluctuated | LK TECH(00558) has recently risen by nearly 5%. The company recently announced the release of its first 16,000-ton super-large die-casting unit.

LK TECH (00558) is currently up nearly 5% to HKD 6.75 as of the time of writing, with a 4.33% increase. The trading volume is HKD 10.08 million. In terms of news, on October 26th, LK TECH held a press conference and high-quality development forum for the 16,000-ton super-large die-casting unit for new energy vehicles. The event was attended by the President of the China Foundry Association, the founder and CEO of LK TECH, and representatives from several customers. During the inauguration ceremony, Guangdong Hongtu Technology also signed a strategic cooperation agreement for a 16,000-ton super-large intelligent die-casting unit with the company. At the Xiaopeng Tech Day on October 24th, Xiaopeng Motors stated that they will soon expand their 16,000-ton die-casting machine (island) to support the production of larger die-casting parts. They are expected to become one of the first customers for the 16,000-ton die-casting machine of the company. With the continuous upgrade of the company's die-casting products, there is potential for the continued penetration of integrated die-casting body structural parts, and the company hopes to further increase its revenue scale through subsequent customer orders.