Core Viewpoint - The announcement by Jinfei Kaida regarding the completion of its wholly-owned subsidiary Watson Manufacturing (Thailand) Co., Ltd.'s aluminum alloy wheel project marks a significant step in responding to the growing demand for electric vehicles in Southeast Asia [2] Group 1: Project Overview - The aluminum alloy wheel production project has a planned annual output of 2 million units and has completed its main construction and equipment installation, entering the trial operation phase [2] - The total investment for the project is approximately 557.18 million yuan, with a construction period of about 2 years [2] Group 2: Market Positioning - The project aims to establish a high-quality aluminum alloy wheel production base that serves not only the local market but also the broader Southeast Asian and global markets [2] - Thailand has become the largest automotive manufacturing hub in Southeast Asia, attracting investments from multiple automotive brands [2] Group 3: Strategic Implications - The production will enhance the company's overall industrial scale and contribute to building an efficient supply chain system that supports its globalization strategy [2] - The project incorporates automated production lines, digital management systems, and IoT traceability technology, aiming to create a smart factory that emphasizes efficient production, energy conservation, and intelligent management [2]

Group 1 - The company has approved the investment in a project to produce 2 million aluminum alloy wheels for electric vehicles, with the decision made during the board meeting on March 27, 2024 [2] - The total investment for the project is approximately 557.18 million yuan, with a construction period of about 2 years [3] - The project has completed the main construction and equipment installation, and is currently in the trial operation phase, with results being generally normal [3] Group 2 - The project aims to meet the growing market demand as Thailand becomes the largest automotive manufacturing hub in Southeast Asia, enhancing the company's overall industrial scale and supporting its globalization strategy [4] - The project incorporates automated production lines, digital control systems, and IoT traceability technology, creating an intelligent factory that improves production efficiency, energy conservation, and market competitiveness [4]

Core Viewpoint - The company announced the investment in a new project to produce 2 million aluminum alloy wheels for electric vehicles, with a total planned investment of approximately 557.18 million yuan, aiming to enhance its industry scale and competitiveness while advancing its global strategy [1] Group 1 - The subsidiary Watson Manufacturing will undertake the project, which has a construction period of about 2 years [1] - As of the announcement date, the project has completed the main construction and equipment installation, entering the trial operation phase with generally normal results [1] - The production launch of this project is expected to improve the company's supply chain system [1] Group 2 - The company acknowledges potential economic uncertainties due to fluctuations in raw material prices [1]