Core Insights - Wanli Tire Co., Ltd. has received significant backing from national-level funds during a critical period of transformation towards high-end and intelligent tire manufacturing, which is expected to accelerate its IPO process and global market expansion [1][3][5] Investment and Financing - The National New Fund's investment in Wanli Tire's Pre-IPO round is a notable move by state capital in the high-end automotive parts sector, reflecting confidence in the company's long-term development value [3][5] - This investment marks a follow-up support from the National New Fund, indicating a strong belief in Wanli Tire's market potential and technological capabilities [3][5] Technological and Strategic Positioning - Wanli Tire is recognized as a leading provider of high-end tires and green passenger tires for electric vehicles, supported by a national-level enterprise technology center and its inclusion in the State-owned Assets Supervision and Administration Commission's "Science and Technology Reform Enterprises" list for 2024 [5][7] - The investment is aligned with national strategies to enhance state capital's presence in high-end manufacturing, showcasing Wanli Tire's strategic importance in the sector [5][7] Research and Development Focus - The funding from this round will primarily be directed towards research and development, particularly in low rolling resistance tires for electric vehicles and smart sensing tires, aiming for breakthroughs in key technologies [7] - Wanli Tire aims to establish a strong technological moat through increased R&D investment, positioning itself to capture growth in the electric vehicle tire market [7] Future Outlook - With the support from the National New Fund, Wanli Tire is expected to solidify its position in the domestic high-end tire market and leverage capital market opportunities for global expansion, becoming a significant player in the rise of Chinese tire brands [7]

Core Insights - The investment by Guoxin Fund in Wanli Tire Co., Ltd. is a strategic move to enhance the state-owned capital's presence in the high-end automotive parts sector [1][3] - Wanli Tire has completed its IPO counseling registration with the Guangdong Securities Regulatory Bureau on October 29 [1] - The collaboration aims to leverage Guoxin Fund's resources to support Wanli Tire's position in the domestic high-end tire market and facilitate its global expansion [1] Investment Details - Guoxin Fund, through its high-level talent fund and Shenzhen comprehensive reform fund, has jointly invested in Wanli Tire's Pre-IPO financing [1] - The investment is part of Guoxin Fund's efforts to implement national strategies and promote innovation and industrial chain cooperation [1] Future Plans - Following this round of financing, Wanli Tire plans to increase its R&D investment, focusing on cutting-edge technologies such as low rolling resistance tires for electric vehicles and smart sensing tires [3] - The goal is to achieve breakthroughs and innovations in key technologies [3]