Established in 2005, Huaxiang Metal Technology Co., Ltd. is one of the Global 500 companies in the automotive parts industry. The company focuses on the R&D, production, and sales of automotive metal parts and has developed five major series products including car bodies, chassis, sunroofs, exhaust systems, and aluminum parts. It achieved an output value of RMB 2.2 billion in 2020. In November 2021, following the capacity improvement scheme, the company formed a joint venture with Faw Tooling Die Manufacturing Co., Ltd., to produce thermoformed products, welded assembly parts, and other supporting products catering to the vehicle models of FAW Hongqi, FAW-Volkswagen, FAW Audi, and other major automotive OEMs. The total investment for the capacity improvement project is approximately RMB 400 million. It covers an area of 64,600 square meters, with the first phase already completed and in operation.

The Phase II Capacity Improvement Project for Lightweight Products is an important investment of the company to enhance production capacity and optimize product structure. Leveraging the automobile industry development platform and technological innovation platform proposed by Chaoyang District, the company actively integrates into the development of the automobile industry by collaborating with colleges and universities. The Phase II Project under construction has an investment of RMB 320 million and covers an area of 21,500 square meters, with a building area of 19,500 square meters. Currently, the main light steel structure of the plant is almost completed, and work is underway for roof sealing, installation of water and power systems, and final stages of infrastructure construction. The project is expected to be completed by the end of May and put into operation by August. After completion, it will introduce digital management methods and enhance automatic production levels to significantly increase the company's annual production capacity with the output value increasing by RMB 450 million to 500 million.