1. In Q1 2024, new investment and construction projects by component companies in China were booming

　　2. Kuai Zhun Che Fu Joins Hands with Yingtan Yujiang to Build a Digital Intelligence Industry Cluster for Automobile Rear

　　3. Xingka X10 Pro won the honorary title of "Second Automotive Repair Environmental Protection Product"

　　4. Unified winning three industry awards: "Top 10 Chinese Lubricant Brands", "Green Carbon Reduction Benchmark Enterprise", and "ESG Management Benchmark Enterprise"

　　5. Huitian New Materials officially opens the world's first overseas base

　　6. Lei Jun: In 2024, Xiaomi Motors will enter the first camp of the intelligent driving industry

　　7. Geely's Star Drive Technology has completed a Series A financing of hundreds of millions of yuan

　　In Q1 2024, new investment and construction projects by component companies in China were booming

　　On March 29th, according to incomplete statistics from GAC Motor, in the first quarter of 2024, there were at least 20 automotive parts companies and 25 new investment projects, including new factories, expansion of production lines, establishment of research and development centers, etc., involving investment amounts exceeding 126 billion yuan (some enterprise projects have not disclosed investment amounts). Behind the newly invested projects are the market judgments, expectations, and ambitions of various component companies.

　　[Kuai Zhun Che Fu Joins Hands with Yingtan Yujiang to Build a Smart Industry Cluster after Automobile Industry]

　　On March 28th, Zhejiang Kuai Zhun Che Fu Network Technology Co., Ltd. (hereinafter referred to as "Kuai Zhun Che Fu") and Yujiang District, Yingtan City, Jiangxi Province completed the official signing of the Kuai Zhun Che Fu East China Operation Center and Automobile Aftermarket Industrial Park project.

　　In this signing, Kuai Zhun Car Service plans to establish its domestic sales and warehousing base in East China in Yujiang, achieving an annual increase in sales. It is expected to accumulate sales of over 3 billion yuan in Yujiang within 5 years. At the same time, the government of Yujiang District will fully leverage its management and service functions, as well as organizational and coordination advantages, to legally implement project land, provide policy support, provide good public services, and coordinate external relations for the investment and construction of Kuai Zhun Chefu. Kuai Zhun Che Fu will work with the government of Yujiang District to attract more high-quality automotive parts manufacturing enterprises to enter the park, achieve the landing of production and sales business in the industrial cluster of Yujiang District, and help the automotive aftermarket industry burst into vitality.

　　[Star Card X10 Pro won the honorary title of "Second Automotive Repair Environmental Protection Product"]

　　Recently, the third Automotive Maintenance Industry Environmental Protection Action Theme Forum, hosted by the China Association of Automobile Maintenance Industries, was successfully held at the National Convention and Exhibition Center (Tianjin). The forum announced the list of products that have passed the effectiveness testing of the second edition of automotive repair and environmental protection products. Among them, the Xingka X10 Pro video remote diagnostic equipment launched by Xingka Technology is proudly on the list with its outstanding performance.

　　A total of 34 products from 13 companies have passed the effectiveness testing of automotive repair and environmental protection products in this environmental protection product testing activity. After strict screening through multiple stages such as enterprise independent application, preliminary qualification review, regional evaluation feedback, and a month and a half of expert evaluation, the Star Card X10 Pro has successfully passed the test and stood out.

　　[Unified award for three industry awards: "Top 10 Chinese Lubricant Brands", "Green Carbon Reduction Benchmark Enterprise", and "ESG Management Benchmark Enterprise"]

　　On March 28th, the prestigious LubTop2023 Annual General Evaluation List of China's Lubricant Industry was held in Shanghai, China. This event not only witnessed the outstanding achievements of China's lubricant industry, but also pointed out a new path for industry development driven by new quality productivity.

　　At the meeting, Uni President won three major awards in one fell swoop. Among them, it has been listed as one of the "Top 10 Lubricant Brands in China" for 8 consecutive years, demonstrating strong innovation capabilities and market competitiveness. At the same time, it has been awarded the title of "2021-2023 Green Carbon Reduction Benchmark Enterprise" for its outstanding performance in green carbon reduction. Moreover, Uni President has been awarded the "2023 ESG Management Benchmark Enterprise" due to its advanced concepts and practices in ESG management.

　　The world's first overseas base of Huitian New Materials has officially opened

　　On March 28th, the opening ceremony of the world's first overseas base of Huitian New Materials - Vietnam Base (Rongsheng New Materials (Vietnam) Co., Ltd.) was held in Haiyang Province, Vietnam. Huitian New Materials Overseas Base (Vietnam), with a total construction area of over 10000m, is located in BW VSIP Singapore Industrial Park, Jinjiang County, Haiyang Province, Vietnam. It is mainly used for the production of transparent backboards and transparent grid backboards for photovoltaic packaging materials. After completion, the project can achieve a production capacity of 26 million square meters per year.

　　The launch of Huitian's first overseas base (Vietnam) significantly enhances its overseas customer delivery and integrated service capabilities, and also marks a comprehensive upgrade of Huitian's overseas strategy. Huitian brand sets sail in Vietnam and competes globally, officially entering a new journey of globalization 2.0.

　　[Lei Jun: In 2024, Xiaomi Motors will enter the first camp of the intelligent driving industry]

　　On March 28th, Xiaomi Group held a press conference in Beijing to officially release the first Xiaomi new energy vehicle SU7. In terms of price, Xiaomi has announced the prices of multiple configuration models, ranging from 215900 yuan to 299900 yuan. Xiaomi Group introduced that Xiaomi SU7 has launched three versions, namely SU7, SU7 Pro, and SU7 Max, with a minimum range of 700 kilometers. The Xiaomi SU7 and Xiaomi SU7 Max versions will start delivery at the end of April, and the Xiaomi SU7 Pro version will start delivery at the end of May.

　　At the press conference, Xiaomi founder and chairman Lei Jun stated that the Xiaomi SU7 will be equipped with intelligent assisted driving as standard across the entire range, and the high-speed NOA will be delivered upon its launch. At the press conference, Lei Jun reiterated that in 2024, Xiaomi Motors will enter the first camp of the intelligent driving industry.

　　Geely's Star Drive Technology has completed a Series A financing of hundreds of millions of yuan

　　Wuxi Xingqu Technology Co., Ltd. (hereinafter referred to as "Xingqu Technology") announced that it has completed a Series A financing of hundreds of millions of yuan on March 26th. This round of financing is led by the National Research and Development Fund, with participation from Wuxi New Energy Industry Fund, Huiheng Industry, Huishan Financial Services, and Guolian New Innovation. At the same time, Star Drive Technology also signed a total of billions of yuan (A+round) intention financing agreements with multiple investment institutions such as Wuxi Innovation Investment Group, China Merchants Venture Capital, and China US Green Fund. Industry investors Lan Microelectronics and Xinlian Capital are interested in following suit. This financing will be used to expand the business layout of Star Drive Technology, increase investment in product technology research and development, expand manufacturing scale, and promote key project construction, helping Star Drive Technology lead the global new energy electric drive industry.

　　According to Star Drive Technology, on that day, Star Drive Technology also signed a cooperation agreement worth up to 3 billion yuan with five local industrial chain enterprises in Wuxi, demonstrating Star Drive Technology's deep layout in local semiconductor, motor, aluminum die-casting and other industrial chain cooperation in Wuxi.

　　Star Drive Technology was established in December 2021 and is a high-performance electric drive system and component developer under Geely Holding Group. The company team has nearly 20 years of research and manufacturing experience in the fields of power transmission systems and electronic components.