Global automotive wheel industry leader – SuperAlloy Industrial Co., Ltd. (SAI, 1563 TT) Lists at NT$70 per share Today
Driven by growing global luxury car market, SAI has secured 38 new car models and promising future operational growth.
2024 05 14, Yunlin, Taiwan
Global automotive wheel industry leader SuperAlloy Industrial Co., Ltd. (1563 TT), a leading global manufacturer of automotive wheels, has listed on the stock exchange yesterday (5/13). Benefiting from the stable demand of the global luxury car market, SAI rapidly gained recognition in the international supercar and luxury car market with its superior quality with 30 international automotive manufacturers (i.e. Jaguar Land Rover, Lexus, FCA, Mercedes Benz, BMW, Ferrari, Porsche) and 42 car brands. Moreover, SAI’s 100% recyclable RESAICAL® aluminum material, which reduces carbon emissions by approximately 95% compared to native aluminum, has already obtained certification from 6 luxury car brands, ensuring the company’s order visibility extends until the end of 2030. Today, the company debuted on the TWSE at NT$70 per share, with share price increase of 18.6% at the market opening.
At today’s listing ceremony, SAI also showcased a global limited-edition car – the Rolls-Royce Cullinan BLUE SHADOW “Blue Serenity”. Paying tribute to the “Kármán Line” at 62 miles above Earth’s surface, only 62 units of this rare model are being produced globally, with this car to be the only one at Taiwan market. The Cullinan Black Badge “BLUE SHADOW” private collection series emerges with themes of exploring the beauty and mystery of space, presenting a stunning appearance. SAI is the exclusive supplier of forged wheels for the BLUE SHADOW, a product of a two-year collaboration with Rolls-Royce. The wheel design for the BLUE SHADOW inherits from the Cullinan Black Badge, with a transparent black spray on the wheel surface distinguishing it from the standard Cullinan Black Badge wheels, elevating the limited-edition BLUE SHADOW to a higher level. This demonstrates SAI’s excellent craftsmanship and product quality, securing the company’s exclusive supply qualification among global wheel suppliers. The close collaboration has also resulted in additional orders from major clients, highlighting SAI’s position as a leading supplier of forged aluminum wheels for luxury and super-luxury cars worldwide.
Entering the automotive components industry in 2000 and producing the first wheel for the General Motors GMT800 in 2001, SAI has expanded rapidly in the international supercar and luxury car markets with its superior quality. Mr. Tsung-Jung Huang, Chairman of SAI, stated at the listing ceremony, “‘Listing’ symbolizes SAI’s advancement and marks the beginning of reaching new heights. With our valuable asset of 42 brand clients, we will expand our cooperation with them, continuously develop and promote new products using our core forging technology, and actively increase the scale of the circular economy with recycled aluminum.”
Furthermore, SAI continues to implement ESG sustainable business trends, enhancing employee welfare and assisting employees in financial planning. The board of directors has recently approved employee stock trusts, aiming to sign contracts with banks by the third quarter of this year. Through regular salary deductions and company contributions, employees can invest in SAI, benefiting from the company’s performance growth, enhancing loyalty, motivation, efficiency, and providing a stable financial future for retirement. This aligns the interests of the company and its employees, promoting overall operational growth.
The steady increase in demand from the end-consumer base of the global luxury car market has boosted order momentum and ensured a higher order shipment schedule. SAI has observed a significant surge in demand for custom wheels and recycled aluminum wheels from major clients, resulting in a total of 38 new car orders. Particularly in the electric vehicle sector, SAI has seen a steady growth in orders as major luxury car brands gradually introduce high-end electric models, providing consumers with more luxurious electric vehicle options. To date, SAI has delivered 32 electric vehicle models, with electric vehicle orders in 2023 more than doubling compared to 2022. Additionally, 61 wheel designs are currently in development, promising positive contributions to future operations. SAI continues to execute important strategies such as forging process optimization, development of design technology, and expanding the scope of automotive order markets, aiming to achieve a shipment of 10 million wheels within the next 10 years and further elevate the company’s operations.
