Golden Hair Technology showcased its latest developments in the automotive materials field at CHINAPLAS 2024.

Liu Yanwei:Over the past three years, the entire automotive industry has developed rapidly, especially with the high-speed growth of new energy vehicles. I expect that the market share of new energy vehicles will exceed 50% in the first half of this year. Additionally, many technology companies such as Xiaomi and Huawei have entered the automotive industry, bringing both significant opportunities and challenges to the entire industry. For Jinfeng Technology, this presents a tremendous opportunity. Furthermore, in terms of corporate social responsibility, including ESG and sustainable development, the past two years have also brought significant opportunities. Jinfeng Technology has also made early investments in recycled materials and PCR bio-based materials.

Liu Yanwei:In terms of innovation, we have introduced several innovative solutions in the field of new energy vehicles and intelligent driving. For example, last year we achieved mass production of translucent bumpers, a first in the country. In terms of sustainability, since 2021, we have not only released strategies but also established preprocessing factories for PCR materials in Qingyuan, Pizhou, and Europe, actively promoting the application of PCR materials. At the same time, we are also actively deploying bio-based materials.

Liu Yanwei:At this rubber and plastic exhibition, we are showcasing a variety of materials, including optical materials, radar-transparent materials, electromagnetic shielding materials, and injection-molded skins. These materials are used in areas such as smart driving and new energy batteries. We are also showcasing fully plastic continuous fiber composite materials and recycled materials, essentially covering the entire interior and exterior of the car as well as the powertrain system, including overall material solutions for new energy vehicle power systems.