Reasons for recommending Wuxi Zhenhua as Xiaomi's automotive supply chain partner

Wuxi Zhenhua mainly engages in automobile stamping and welding business, and also provides crossover assembly and precision electroplating manufacturing. Its stamping business mainly supplies SAIC joint venture brands and passenger cars, and the crossover assembly business is deeply tied to SAIC passenger cars. It is expected that with the deep ties with SAIC and the expansion of new businesses, the company's performance will grow rapidly.