Reflecting this momentum, Chinese engine components manufacturer Tianrun Industrial Technology has announced its strategic move into lightweight aluminium products with the acquisition of Altechno Auto Parts a Korean-owned auto parts maker based in Shandong.
Valued at CNY135 million (USD18.8 million), the acquisition reflects Tianrun’s strategic intent to tap into the growing demand for aluminium components in passenger vehicles a segment increasingly focused on lightweighting to improve fuel efficiency and meet stricter emission standards. Currently focused on cast iron and forged steel parts, Tianrun aims to diversify its portfolio through the acquisition.
The transaction, expected to be completed by 2027, not only gives Tianrun access to Altechno’s technical know-how but also reinforces China’s larger ambitions to dominate the lightweight automotive materials market.
