Chinese auto mold developer: Mingteng International Corp Inc. (MTEN)

Wuxi Mingteng International Corp Inc. (NASDAQ: MTEN) was founded in 2015, Headquartered in China Wuxi, with 101 full-time employees, is a holding company incorporated in the Cayman Islands. Wuxi Mingteng Mould, a Chinese subsidiary of the company incorporated in China, carries out business in China. Mingteng Mould is Chinese automobile Mold developers and suppliers.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

Mingteng Mould Mingteng International Corp Inc. (MTEN)

Wuxi Mingteng Mould was established in December 2015, focusing on Auto parts Mold. The company is committed to providing customers with comprehensive and personalized mold services, including mold design and development, mold production, assembly, testing, maintenance and after-sales service. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

Mingteng Mould provides a variety of products, including casting moulds for auto system components such as turbocharging system, braking system, steering and differential system. At the same time, Mingteng Mould also produces new energy electric vehicle Motor drive system Battery Group system and engineering hydraulic components of the mold, widely used in automotive, construction machinery and other manufacturing industries. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

Mingteng Mould Company's products include complex and difficult automobile casting molds, gravity casting molds, low-pressure casting molds and other high-quality molds, such as automobile cylinder block, exhaust manifold, turbine case, pressure case, piston, brake case, differential, valve, water pump, which are widely used in automobile, tractor, motor, machine tool and ship, textile machinery, valve and water pump industries. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

The mold development and production process of Mingteng mold is supported by our R&D team (including casting technology experts, mold designers and other professionals), which uses advanced computer-aided design (CAD), computer-aided manufacturing (CAM) and Software Technical analysis of mold design and specification feasibility and effectiveness. The quality and ability of Mingteng Mould have won the 2019 Jiangsu High tech Enterprise Certification and ISO9001:2015 Certification. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

At present, Mingteng Mould Technology has 2 authorized invention patents and 17 authorized utility models. Its main businesses are complex and difficult automobile casting molds, gravity casting molds, low-pressure/high-pressure casting molds, and turnkey engineering of casting product processing (black and non-ferrous alloys). Products and molds are widely used in automobile, engineering machinery, new energy and other industries. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

Mingteng Mould is a leading supplier of major customers in the auto parts manufacturing industry, and has established long-term business relations with them, most of which have had business relations with the company for more than five years. Mingteng Mould's customers include three Chinese listed companies: Kehua Holding Co., Ltd. (stock code: 603161), Wuxi Lihe Supercharging Technology Co., Ltd. (stock code: 300580) and Wuxi Best Precision Machinery Co., Ltd. (stock code: 300694). The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

Mingteng mold's revenue mainly comes from customized mold production, mold maintenance and processing services. As of June 30, 2023, the revenue from customized mold production accounted for 84.3% of Mingteng's total mold revenue (80.4% in 2022). The revenue from mold maintenance accounts for 13.4% of the company's total revenue (15.6% in 2022). The revenue from processing services accounted for 2.3% of the company's total revenue (4.0% in 2022). The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

Mingteng International Corp Inc. (MTEN) US equity investment

In December 2023, Mingteng International Corp Inc. announced that it planned to IPO Listed on NASDAQ, offering price is $4.00 - $6.00, 2.2 million shares are issued, and 11 million dollars are raised, Univest Securities Exclusive underwriting. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

On April 18, 2024, Mingteng was listed on NASDAQ with an IPO price of $4, 1.3 million shares issued, and 5.2 million dollars raised. The IPO was significantly broken on the first day of listing. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/mten.html

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