**Hongxin Technology, Setting Sail on a New Journey**
On March 20, 2025, within the Thailand Lisheng Industrial Park, the groundbreaking ceremony for the new production base of Zhejiang Hongxin Technology Co., Ltd., namely Terui Industry (Thailand) Co., Ltd., was grandly held.
The Groundbreaking Ceremony Site
Chairman of the company, Wang Wenzhi, delivered a speech. Chairman Wang reviewed the arduous journey of Hongxin Technology from its initial struggles to its gradual breakthrough of foreign technological monopolies. Looking ahead, he elaborated in detail on the global strategic layout of Hongxin Technology. He mentioned that the construction of the Thailand factory is an important measure for the company to cope with international trade barriers and expand overseas markets, and it will provide strong impetus for the company’s future development.
Representatives from both China and Thailand gathered together to jointly shovel soil and plant the seeds of hope for the new production base.
 *Representatives from both sides jointly breaking ground*
Representatives from the Thai local government, the management institution of Lisheng Industrial Park, the management team of Hongxin Technology, and leaders and guests from other invited enterprises all came together to witness this milestone moment.
It is reported that the groundbreaking of the Thailand factory is not the first overseas venture for Hongxin Technology. As early as 2019, the company had begun to prepare to purchase land and establish Alloy Technology in Thailand. Now, with the additional purchase of 200 acres to form Terui Industry, this move is not only a key strategic step in Hongxin’s global journey but also a strong testament to Chinese “smart” manufacturing’s stride onto the world stage.
**Company Profile**:
Hongxin Technology, a company listed on the Shenzhen Stock Exchange (stock code: 301539), was established in 2006. It specializes in the research and development, design, manufacturing, and sales of forged aluminum alloy automotive wheels. It is one of the earliest high-tech enterprises in China to apply forging technology to the production of aluminum alloy automotive wheels. Its main products include commercial vehicle wheels and passenger vehicle wheels.
Relying on its accumulated advantages in research and development technology, brand reputation, and product quality, the company’s products have directly supplied domestic whole vehicle manufacturers or first-tier suppliers such as Howmet, Dongfeng Liuqi, Shaanxi Heavy Truck, BYD, and CRRC Times. At the same time, the company actively explores overseas markets and has already supplied products to American new energy vehicle manufacturers Rivian and Lucid through J. T. Morton and Superior, respectively, and has also entered the supply chain of Paccar (USA). In the automotive aftermarket, the company supplies products to the after-sales systems of whole vehicle manufacturers such as Daimler through WheelPros and maintains continuous and good business cooperation with brand merchants such as WheelPros (USA), American Wheels (USA), FleetPride (USA), Loves (USA), Forgiato (USA), Jost, Kal Tire (Canada), S.M. Heights (South Korea), and Weds (Japan).
**Setting sail on a new chapter, forging the future; journeying together across mountains and seas, with unwavering commitment.**