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 initiatives. By the end of April, 13 of these projects had been successfully completed, while the remaining ones were progressing smoothly. Since 2002, new products have contributed significantly to the company's revenue, accounting for 60% of total sales, with a steadily increasing contribution rate. These innovative products are now the core offerings driving the company’s growth. To stay ahead in the dynamic automotive industry, the company has actively adapted to market demands and expanded its presence in the Dongfeng vehicle supply chain. It has also leveraged its existing resources and stock advantages to explore and develop supporting markets for various OEMs, including Yunqi, Liuzhou Auto, Xinqi, and Hangzhou Auto. Significant progress has been made in the integration of these partnerships. Over the past two years, the company has invested heavily in planning, infrastructure, and talent development. As a result, it has built a strong foundation in new product development, equipped with advanced tools and technical capabilities. The development process is well-structured, and the team remains stable and dedicated. Recent performance demonstrates the company’s ability to respond quickly to changing market needs. The conventional brake systems from the Auto Brake System Company are now fully diversified and serialized, covering light, medium, and heavy-duty models of Dongfeng vehicles. This has established a solid platform for both product and market expansion. The company has made rapid progress in new product innovation. The "ABS" four-channel and six-channel anti-lock braking systems have been industrialized and are now in mass production, suitable for both commercial trucks and passenger cars. Three major new products are currently under development. One of them, the air control unit, has been designed and is now in trial production. This high-integration, high-tech product is expected to enhance system performance. Another project, the exhaust gas brake valve, was developed specifically for Renault High Horsepower Engines. The design is complete, and the product is undergoing trial development. Additionally, the company is working on the development of air suspension height control valves and load-proportioning valves, which are essential components for modern braking systems. These ongoing efforts reflect the company’s commitment to innovation and long-term growth.

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