Significant achievements in new product development in the first quarter of 2004

In 2004, Dongfeng Electronic Technology Automotive Brake System Co., Ltd. launched over 40 new product development projects. By the end of April, 13 of these projects had already been successfully completed, while the remaining ones were progressing smoothly. Since 2002, the company has maintained a strong focus on innovation, with new products contributing more than 60% of total revenue, and this contribution rate has continued to rise steadily. These new products are now the core of the company’s business growth strategy. To keep up with the fast-changing automotive market, the company has actively expanded its presence in the OEM market, strengthening its position with key partners such as Yunqi, Liuzhou Auto, Xinqi, and Hangzhou Auto. This expansion has helped solidify its market share and open up new opportunities for growth. At the same time, the company is leveraging its existing resources and stock advantages to explore and develop supporting markets beyond its traditional scope. Over the past two years, the company has invested heavily in planning, infrastructure, and talent development, which has significantly enhanced its capabilities in new product development. It now has advanced tools, strong technical support, and a stable development team. This foundation allows the company to respond quickly to evolving market demands. Currently, the conventional brake products from the Auto Brake System Company have achieved full coverage and are available in a complete series, catering to Dongfeng’s light, medium, and heavy vehicle models. This comprehensive product line has become a solid platform for both product and market development, effectively meeting customer needs. The company has made rapid progress in developing new technologies. The four-channel and six-channel ABS anti-lock braking systems have been industrialized and are now in mass production. These systems are suitable for both commercial vehicles and passenger cars. In addition, three major new products are currently under development. The air control unit has been designed and is undergoing trial production. With high integration and advanced technology, it represents a significant step forward. The exhaust gas brake valve, developed specifically for Renault's high-horsepower engines, is also in the trial phase after completing its design stage. Meanwhile, air suspension height control valves and load-proportioning valves are in the design and development stages, showing the company's ongoing commitment to innovation and technological advancement.

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