Mingteng International Expands Ongoing Strategic Collaboration with Leading NEV Top Tier Supplier in China to Support Sustainable Development
Rhea-AI Summary
Mingteng International (Nasdaq: MTEN) announced it is deepening a strategic collaboration with a leading Chinese NEV top‑tier supplier to support development of new energy vehicle powertrain components. The Client, a major producer of drive assemblies, electric drive axles, electric motors and transmission systems, ranked among the leaders in motor systems market share for NEV heavy‑duty trucks from 2022–2024 per Kerui Consulting. Mingteng said its complex mold design and precision production will help deliver lighter aluminum‑alloy components to improve efficiency and support greener mobility. Management indicated the company will further leverage collaborative innovation to support sustainable development and long‑term growth in NEV powertrain applications.
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News Market Reaction
On the day this news was published, MTEN declined 41.93%, reflecting a significant negative market reaction. Argus tracked a peak move of +7.1% during that session. Argus tracked a trough of -77.0% from its starting point during tracking. Our momentum scanner triggered 47 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $3M at that time. Trading volume was exceptionally heavy at 12.7x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While MTEN fell 78.11%, key metal fabrication peers showed only modest moves: AP -5.31%, TPCS -3.44%, GIFI -0.08%, MEC -0.22%, and TG +0.27%. The scale of MTEN’s decline strongly diverges from peer behavior, pointing to company-specific factors rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 01 | Earnings update | Negative | -12.9% | Mixed H1 FY2025 results with higher revenue but wider net loss and margin compression. |
| Aug 06 | Strategic partnership | Positive | -0.4% | Framework agreement with Suzhou Lvkon aimed at expanding NEV aluminum alloy component orders. |
| Jul 22 | R&D collaboration | Positive | -16.8% | Three-year project with Jilin University to develop longer-life, lower-cost die-casting molds. |
Recent MTEN news events, including partnerships and R&D collaborations, have often been followed by share price declines, even when the announcements were strategically positive.
Over the past six months, Mingteng reported mixed H1 FY2025 results on Oct 1, 2025, with revenue of $5.26M but a wider net loss of $1.36M, and the stock dropped 12.93%. Earlier, on Aug 6, 2025, a strategic cooperation with Suzhou Lvkon targeting new energy aluminum alloy components and potential order growth saw a 0.43% decline. A July 22, 2025 collaboration with Jilin University on advanced die steel also preceded a 16.76% drop. Today’s expanded NEV collaboration fits this pattern of positive strategic news alongside negative price reactions.
Market Pulse Summary
The stock dropped -41.9% in the session following this news. The decline reflects a recurring pattern where positive strategic updates coincide with selling pressure. Despite an expanded collaboration with a leading NEV supplier in electric powertrain components, MTEN fell 78.11% on very heavy volume of 297,988,777 shares and trades 99.49% below its $26.03 52-week high. Similar drops followed the Jilin University collaboration (-16.76%) and Suzhou Lvkon partnership (-0.43%), suggesting market focus on broader risks and prior financial losses.
Key Terms
new energy vehicle technical
electric powertrain systems technical
electric drive axles technical
AI-generated analysis. Not financial advice.
WUXI, China, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (the “Company” or “Mingteng International”) (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced the deepening of its ongoing collaboration with a leading top tier supplier in China in the new energy vehicle (“NEV”) sector, as part of its continued efforts to support the strategic development of new energy technologies in the automotive market.
The Company’s cooperating client (the “Client”) is engaged in the production of a range of core components used in electric powertrain systems, including drive assemblies, electric drive axles, electric motors, and transmission systems. According to the industry data from a Kerui Consulting research, the Client has ranked among the top in market share for motor systems used in NEV heavy-duty trucks for three consecutive years from 2022 to 2024. The Client has also established long-term and stable partnerships with major Chinese commercial vehicle manufacturers in China.
As aluminum alloy materials account for an increasing proportion in electric drive systems and transmission systems, the Company supports its clients through close collaboration in mold development and product manufacturing. The Company’s capabilities in complex mold design and precision production enable the delivery of lightweight components that contribute to improved efficiency and support the green transformation of the automotive industry.
Mr. Yingkai Xu, Chairman and Chief Executive Officer of Mingteng International, commented, “New energy technologies are reshaping the automotive industry and redefining how value is created across the supply chain. By deepening our cooperation with leading NEV suppliers, we are strengthening our role in critical powertrain applications and supporting customers as they expand their new energy product offerings. We believe innovation-driven collaboration will continue to play a key role in advancing sustainable development and positioning Mingteng International for long-term growth. Looking ahead, Mingteng International expects new energy technologies to continue reshaping the automotive industry. The Company plans to further leverage collaborative innovation to support sustainable development and the ongoing transition toward greener mobility solutions.”
About Mingteng International Corporation Inc.
Based in China, Mingteng International Corporation Inc. is an automotive mold developer and supplier that focuses on molds used in auto parts. The Company provides customers with comprehensive and personalized mold services, covering mold design and development, mold production, assembly, testing, repair and after-sales service. With its production plant located in Wuxi, China, the Company aims to build a systematic solution for automobile mold services and create a personalized and integrated “Turnkey Project” for customers. The Company’s main products are casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. The Company also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery and other manufacturing industries. For more information, please visit the Company’s website: https://ir.wxmtmj.cn/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports its files with the U.S. Securities and Exchange Commission (the “Commission”) before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
For investor and media inquiries, please contact:
Mingteng International Corporation Inc.
Investor Relations Department
Email: ir@wxmtmj.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
What did Mingteng International (MTEN) announce on January 12, 2026 about NEV collaboration?
Mingteng announced it is deepening cooperation with a leading Chinese NEV top‑tier supplier to support powertrain mold development and lightweight component production.
Who is the cooperating client in Mingteng's MTEN announcement and what do they make?
The cooperating client is a top‑tier NEV supplier that produces drive assemblies, electric drive axles, electric motors and transmission systems for commercial vehicles.
What evidence supports the client's market position mentioned in the MTEN release?
Kerui Consulting research cited in the announcement ranks the client among the leaders in motor systems market share for NEV heavy‑duty trucks for 2022–2024.
How will Mingteng International's capabilities affect NEV powertrain components?
Mingteng says its complex mold design and precision production enable delivery of lighter aluminum‑alloy components that can improve efficiency in electric drive and transmission systems.
Does the MTEN announcement include financial guidance or transaction values?
No; the announcement describes a strategic collaboration and technical support but does not provide financial terms, revenue figures, or transaction values.
What is Mingteng's stated strategic aim from deepening the NEV supplier collaboration?
Mingteng aims to strengthen its role in critical powertrain applications, support customers' NEV product expansion, and leverage innovation for sustainable growth.
