Advertisement
UK markets closed
  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     
  • FTSE 250

    20,286.03
    -45.77 (-0.23%)
     
  • AIM

    764.38
    -0.09 (-0.01%)
     
  • GBP/EUR

    1.1778
    -0.0027 (-0.23%)
     
  • GBP/USD

    1.2652
    +0.0010 (+0.08%)
     
  • Bitcoin GBP

    49,135.52
    +947.81 (+1.97%)
     
  • CMC Crypto 200

    1,287.27
    +3.44 (+0.27%)
     
  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     
  • DOW

    39,118.86
    -45.24 (-0.12%)
     
  • CRUDE OIL

    81.46
    -0.08 (-0.10%)
     
  • GOLD FUTURES

    2,336.90
    -2.70 (-0.12%)
     
  • NIKKEI 225

    39,583.08
    +241.58 (+0.61%)
     
  • HANG SENG

    17,718.61
    +2.11 (+0.01%)
     
  • DAX

    18,235.45
    +24.85 (+0.14%)
     
  • CAC 40

    7,479.40
    -51.32 (-0.68%)
     

Ford, Hyundai turn to Italian casting machine maker IDRA

OL 9000 CS gigapress machine is pictured at the IDRA group plant in Travagliato

By Giulio Piovaccari

TRAVAGLIATO, Italy (Reuters) - Idra, an Italian aluminium casting machine maker and Tesla supplier, has added Ford, Hyundai and a European company to its customer base as more carmakers explore this manufacturing technique.

Tesla has pioneered the use of massive casting machines, also known as 'gigapresses', to make large single pieces of vehicle underbodies, streamline production and reduce the work even of robots.

Front and rear underbodies cast by gigapresses are combined with battery packs to form a three-piece chassis for battery electric vehicles (BEVs).

A 'gigapress 6,100', which produces a clamping force of over 6,000 tons, with the Ford brand printed on it, had been assembled and was being tested in IDRA's plant in Travalgiato, near Brescia, northern Italy during an industry event organised by the company on Tuesday and Wednesday.

ADVERTISEMENT

An even bigger press, the 9,000, IDRA's largest and newest model -- the size of a small house or a tennis court -- was being tested nearby but without the client's name printed on it.

A source close to the matter, however, said it would be shipped to Hyundai group, adding both it and the one for Ford would initially be used only for R&D purposes.

The source said IDRA was also about to sign a supply contract for two 9,000 presses with a premium automaker in Europe, its first with a European group.

Six gigapresses are now emerging as the standard for an annual production of 500,000 vehicles, the source added.

IDRA has already shipped 14 presses to Tesla, including two 9,000 ones for Tesla's large cybertruck production at its Austin plant, Texas, according to sources and posts by Tesla on social media.

IDRA has so far signed orders for 25 presses, with 21 already produced and shipped, including to leading 'Tier 1' parts makers.

(Reporting by Giulio Piovaccari)