Core Viewpoint - The recognition of Konghui Technology's innovation team in the field of automotive suspension systems marks a significant shift in China's automotive industry from technological dependence to self-sufficiency, providing a solid foundation for the industry's transformation in the era of intelligence [1][3]. Group 1: Awards and Recognition - The "Innovation Team Award (Components)" was established in 2021 to honor teams achieving significant technological innovations in key automotive components, reflecting the spirit of perseverance and innovation in the industry [3]. - Konghui Technology's innovation team received the 2025 Innovation Team Award, highlighting their contributions to the automotive sector [1][3]. Group 2: Company Development and Achievements - Konghui Technology has built a team of 1,200 employees, with one-third dedicated to research and development, emphasizing the company's commitment to technological innovation [5]. - The company has developed a new ultra-thin air spring bag, reducing thickness from 3mm to under 2mm, significantly enhancing comfort and durability [5]. - As of 2024, Konghui Technology achieved a market share of 41.3% in the domestic passenger vehicle air spring market, leading the sector [7]. Group 3: Market Challenges and Strategy - The automotive industry is facing profound changes, with increasing competition leading to thinner profit margins, which poses challenges for innovative companies requiring continuous R&D investment [7]. - The company recognizes the need for inefficient businesses to exit the market to create space for truly innovative firms [7]. Group 4: Future Outlook - Konghui Technology aims to become a leading player in the global electric suspension market, with a clear vision for brand influence and production targets [11]. - The company is preparing for market competition with advancements in closed valve pumps, electronic dampers, and active stabilizers, which are expected to drive future growth [11][13].