On January 9, 2025, the signing ceremony for a project to build an annual production capacity of 10 million high-end intelligent precision automotive components was held at the County Grand Theatre in Jiaxing City, Zhejiang Province. With a total investment of 1 billion yuan, the project plans to construct new factory buildings covering approximately 30,000 square meters, with a total floor area of about 90,000 square meters. Upon reaching full production capacity, it is projected to generate annual sales revenue of 800 million yuan.

The project is spearheaded by Jiaxing Xunhui Auto Parts Co., Ltd., a wholly-owned subsidiary of Ningbo Xunhui Electric Appliance Co., Ltd. It will deeply align with the industry's trends toward digitalization, informatization, and intelligent manufacturing as well as green production, establishing a comprehensive framework for intelligent and digital upgrades. Guided by an unwavering commitment to “zero-defect” quality and driven by continuous technological innovation, the project aims to become a leader within the industry. Primarily utilizing premium materials such as magnesium alloy and employing sophisticated manufacturing techniques, the products are not only precision-engineered but will also be exported to multiple countries including Germany, Hungary, Romania, Serbia, and Mexico.