On April 15th, Hongxin Technology, a high-tech pioneer in forged aluminum alloy wheel manufacturing for vehicles, made a remarkable debut on the Shenzhen Stock Exchange, with its shares soaring more than 275% intraday. Mr. Dai Xiang, Chairman of DZICS Robotics, attended the listing ceremony as an honored guest, celebrating this significant achievement together.
As one of China's earliest adopters of forging technology for automotive aluminum alloy wheels, Hongxin Technology has successfully broken foreign brands' monopoly in the commercial vehicle market. Its products are now supplied to major manufacturers including Howmet, Dongfeng Liuzhou, Shaanxi Heavy-Duty Automobile, BYD, and CRRC Times.
The successful IPO, which raised 394 million yuan, marks a shared accomplishment between Hongxin Technology and DZICS Robotics, reflecting their collaborative efforts in advancing intelligent manufacturing. The proceeds will fund an intelligent manufacturing facility with an annual capacity of 1 million premium forged aluminum wheels and upgrade its R&D center.
As a long-term strategic partner, DZICS Robotics has provided Hongxin Technology with comprehensive intelligent manufacturing solutions and implementation support. The two companies are now jointly preparing to establish an overseas smart factory, further driving innovation in the sector. Moving forward, DZICS Robotics remains committed to empowering more clients in their transition to smart manufacturing.
