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].

Core Points - The 2025 "China Society of Automotive Engineers Science and Technology Award" was announced and awarded at the 32nd SAECCE, recognizing outstanding achievements and innovative talents in the automotive engineering field [1] - Award-winning projects focus on key technologies in intelligent networking, power batteries, electric chassis, hybrid power, and smart manufacturing, indicating significant advancements in autonomous innovation capabilities [1][3] - The automotive industry is undergoing a critical transformation and upgrade, with an emphasis on original technology development and breakthroughs in core technologies [1] Awards Summary - A total of 89 awards were given, including 4 special awards for scientific progress, 1 first prize for technological invention, 10 first prizes for scientific progress, 6 second prizes for technological invention, 17 second prizes for scientific progress, and 51 third prizes for scientific progress [3] - The special awards for scientific progress were awarded to collaborative projects involving Great Wall Motors, Beihang University, and others, focusing on key technologies for hybrid vehicles and autonomous driving [3] Innovation and Talent Recognition - The first prize for technological invention was awarded to a project on key technologies for intelligent driving in complex scenarios, developed by Tsinghua University and several automotive companies [5] - The Science and Technology Achievement Award recognized 4 individuals, while the Youth Science and Technology Award honored 6 individuals for their contributions to automotive technology [5][7] Team Awards - The Innovation Team Award for automotive components was awarded to the Konghui Technology team for their advancements in intelligent suspension systems, marking a significant achievement in the industry [9] - Konghui Technology has developed key technologies in air suspension systems and has achieved a market share of 41.3% in the domestic air spring market by 2024 [11][13] Industry Outlook - The Chinese automotive industry is gaining global recognition, with domestic components gradually replacing imports, indicating a strong future for national brands like Konghui Technology in supporting high-quality development [15]