Group 1 - The company, Wencan Co., Ltd. (603348), emphasizes its commitment to research and innovation, focusing on technological leadership in the industry [1] - The company has strategically positioned itself in the automotive magnesium alloy and robotic casting sectors, indicating a proactive approach to market trends [1] - Successful completion of magnesium alloy product technology research and trial production has been achieved, with results validated and recognized by customers [1]

Core Viewpoint - The company Spring Autumn Electronics has established itself in the automotive magnesium alloy application sector, serving notable clients in the automotive industry [1] Group 1: Clientele and Applications - The company's end customers in the automotive magnesium alloy application business include major automotive manufacturers such as Xiaomi, NIO, Xpeng, BYD, BMW, Geely, and Volkswagen [1] - Products provided to Xiaomi are utilized in its SU7 and YU7 models [1]