Group 1 - Fengmao Co., Ltd. plans to invest up to 1.5 billion yuan in a new intelligent chassis thermal control system production base in Yuyao Industrial Park to enhance production capacity and meet market demand [1] - The project aims to leverage the advantages of the Yuyao plastic industry cluster and improve the efficiency of existing assets and supply chain resources, ultimately enhancing the company's overall investment returns [1] - The company is focusing on R&D innovation to provide innovative technologies, processes, and products, laying a foundation for long-term development [1] Group 2 - According to the latest data, the penetration of electronic brake systems (EHB) in China's passenger cars is expected to exceed 11.72 million units in 2024, marking a 61.24% year-on-year increase, indicating the formal entry of intelligent chassis into large-scale implementation [2] - The intelligent chassis market in China is projected to exceed 100 billion yuan by 2030, with the global intelligent chassis market expected to surpass 80 billion USD by 2025, where over 60% will be related to steer-by-wire technology [2] - Fengmao Co., Ltd. is actively expanding its product matrix in the automotive parts sector, focusing on air suspension systems, thermal management systems, and battery pack protection components, with significant growth expected by 2025 [2][3] Group 3 - The company is leveraging the Michelin brand to achieve volume and profit growth in international markets, with exports to Europe, Southeast Asia, South America, and the Middle East expected to enhance sales structure and profitability [3] - Fengmao Co., Ltd. has secured a 170 million yuan order for air spring products from a well-known domestic automaker, with the project spanning from 2025 to 2031 [3] - The company is also advancing the mass production of battery pipeline systems, motor pipeline systems, and battery cushioning components, contributing to the expected growth of its product matrix by 2025 [3] Group 4 - The company sees significant growth potential in its transmission system business, driven by stable replacement demand in the automotive aftermarket and the increasing vehicle ownership [4] - Continuous R&D investment is aimed at enhancing product performance and quality, while also expanding into non-automotive sectors such as construction machinery, home appliances, rail transit, and agriculture [4] - The company's Thailand production base is set to commence operations in the second half of this year, with phased capacity release to meet local orders initially, followed by expansion to cover overseas markets [4]
提升汽车产业链综合竞争力 丰茂股份拟投资15亿元建设智能底盘热控系统生产基地