Group 1: Industry Overview - The automotive seat industry consists of upstream raw material supply and component production, midstream seat assembly manufacturers, and downstream markets including original equipment manufacturers (OEMs) and aftermarket services [2][4] - Key raw materials include steel for seat frames, plastic for adjustment components, foam for comfort, and various materials for surface coverings [2] Group 2: Investment Trends - In 2023, Huayu Automotive's subsidiary, Yanfeng Automotive, is establishing a seat component export base in Shanghai to support North American electric vehicle clients [4][6] - In 2024, Jifeng Co. plans to raise 1.81 billion yuan for expansion projects in Hefei, enhancing seat assembly and interior component capabilities [4][6] - By 2025, Fuwei Co. will invest in a magnesium alloy production base, focusing on lightweight products for automotive applications [4][6] Group 3: Policy Landscape - China's automotive seat policies emphasize safety, lightweight design, intelligence, and green recycling, with standards upgrades and industry support driving transformation [7][9] - Starting in 2024, new national standards will enhance collision test requirements and improve safety for vulnerable groups [7][9] - Policies encourage the application of composite materials to reduce seat weight by over 20% and promote the integration of health monitoring features in seats [7][9] Group 4: Regional Development - Various provinces, including Beijing and Shaanxi, are promoting automotive industry clusters and supporting innovation in seat and interior component manufacturing [13]