In 2016, Fujian Xiangxin initiated the independent research and development of a new energy project. After more than two years of in-depth incubation and result accumulation, Fujian Xiangxin New Energy Automotive Parts Manufacturing Co., Ltd. was officially established in April 2018, becoming one of the pioneers in the field of lightweight intelligent manufacturing for new energy vehicles in China. The company is located in the Electromechanical and Pharmaceutical Industrial Park of Fuzhou High-Tech Zone, covering an area of 200 acres, with business spanning lightweight new energy vehicles, new infrastructure ‘aluminum replacing steel’, production and application of recycled resources, and mid-to-high-end civilian fields. The company has more than 1500 employees, including nearly a hundred R&D technical staff, and collaborates with many well-known experts, universities, and research institutes at home and abroad for R&D cooperation.

Since its establishment, the company has closely revolved around national strategies, building on the twenty-year development of Xiangxin Shares, becoming one of the earliest practitioners of aluminum replacing steel technology in the country. Adhering to the values of ‘strengthening the nation through industry, integrity and pragmatism, maintaining righteousness and innovation, and shared growth’, the company strengthens basic research, emphasizes originality, continuously enhances the transformation of R&D achievements in the new energy field, improves industrialization levels, and grows into a main force driving China’s energy transformation towards green and low carbon.