Group 1 - The core point of the article is that Xingye Leather Technology Co., Ltd. plans to invest 50 million yuan to establish a subsidiary in Chao Lake, Anhui, focusing on the localized deep processing of automotive interior leather [1] - The investment plan involves Xingye Technology contributing 45 million yuan for a 90% stake, in collaboration with partner Xu Jiakuan, to enhance competitiveness in the automotive interior leather sector [1] - The strategic layout leverages the automotive industry cluster advantages in the Hefei region, which includes major automotive manufacturers like BYD, NIO, Jianghuai, and Volkswagen [1] Group 2 - Xingye Technology's subsidiary, Hongxing Automotive Leather, is already a supplier for several automotive manufacturers, including Ideal Auto, NIO, Jianghuai, and Chery [1] - Establishing the subsidiary in Chao Lake will allow the company to better integrate into the local industrial ecosystem, improving supply chain responsiveness and building competitive advantages for expanding the automotive interior leather market [1] - The automotive interior leather business is becoming a growth engine for Xingye Technology, with revenue in the first half of 2025 increasing by 26.95% year-on-year and net profit reaching 76.5654 million yuan, up 30.91% [1] Group 3 - Through this strategic investment, Xingye Technology aims to leverage Hefei as an industrial hub to further penetrate the Yangtze River Delta automotive market [2] - The company seeks to strengthen existing customer relationships while also exploring broader high-value market opportunities, accelerating its entry into the new energy and high-end vehicle markets [2]
兴业科技落子安徽巢湖 加速开拓新能源与高端车市场