Core Viewpoint - Zhejiang Hongxin Technology Co., Ltd. is leveraging the trend of automotive intelligence and lightweighting to transform traditional manufacturing, focusing on forged aluminum alloy wheels as a key area for growth [1][2]. Group 1: Lightweight Material Application - Hongxin Technology has transitioned from manufacturing to intelligent manufacturing, emphasizing lightweight materials as a core competitive factor in the automotive industry, reducing weight by 40% to 60% compared to steel and cast iron [3][4]. - The company has increased its R&D investment steadily, with expenditures of 29.6 million yuan, 30.5 million yuan, and 33.6 million yuan from 2022 to 2024, respectively [3]. Group 2: Manufacturing Process Innovation - Hongxin Technology is innovating its manufacturing processes to enhance product strength, appearance, and lifespan, investing heavily in advanced intelligent production lines that allow for both mass production and customization [4]. - The company is currently upgrading its smart factory and R&D center, with over half of the project completed, aiming to produce 1 million high-end forged aluminum alloy wheels annually [4]. Group 3: Cross-Border Collaborative System - To address challenges in its traditional "export + transportation" model, Hongxin Technology is establishing overseas production capacity, with a 250 million yuan investment in a new facility in Thailand, which will cover core production processes [5]. - The Thai facility is expected to produce 400,000 to 500,000 units annually, with plans to reach an annual capacity of 800,000 units by 2025, allowing the company to capture approximately 60% of its North American orders [5][6]. Group 4: Entry into Low-Altitude Economy - Hongxin Technology is entering the low-altitude economy sector, focusing on the development of structural and shell components for aircraft, leveraging its expertise in high-end forging [7][8]. - The company has partnered with a domestic aerospace technology firm for the development of aircraft shell components, emphasizing the advantages of its forging process in producing lightweight and strong parts [8].