Group 1 - Minglida has invested nearly $200 million in Mexico and Hungary, completing its "dual hub" strategic layout for North America and Europe [1] - In 2024, Minglida's automotive segment achieved revenue of 1.434 billion yuan, a year-on-year increase of 20.67%, becoming the new growth pillar by surpassing solar and energy storage businesses [1] - In Q1 2025, Minglida reported revenue of 655 million yuan, reflecting a year-on-year growth of 17.99%, indicating steady operational progress [1] Group 2 - Minglida is strategically positioning itself in Mexico to address the restructuring of the global new energy supply chain and local customer demands, with cumulative investments exceeding 710 million yuan since 2023 [1] - The company is developing an integrated production capacity for aluminum alloy extrusion, die-casting, injection molding, and deep processing, with a planned area of 200 acres and a building area of 100,000 square meters [1] - The Mexican base will import mature manufacturing technologies and management systems from China while enhancing local innovation capabilities, becoming a core hub for the North American market [2]