At this event, Cao Lijun, Deputy General Manager of the Supply Chain Management Department of FAW Group, and his party visited the headquarters of THB Group to present cars. In order to reward the long-term support of supplier partners, FAW Group launched an employee car purchase plan with extremely favorable terms, promoted the signing of the annual general-to-general cooperation agreement, and enabled THB employees to share the development achievements of the Hongqi brand cars.

Speech by Guo Desui, President and Research Institute Director of Tianhai Group

At the event site, Guo Desui, President and Dean of the Research Institute of THB Group, said in his speech that FAW is the starting point of China's new automobile industry and is known as the "Eldest Son of the Republic". As a core supplier of FAW Hongqi, THB Group has always adhered to the service concept of "customer-centric", focused on key needs, improved supporting capabilities and service levels. In recent years, THB Group has continuously increased R & D investment in high-voltage and high-speed business fields, promoted the mass production and delivery of a series of new technologies and new products in mainstream FAW Hongqi models, further expanded the cooperation fields between the two sides, deepened the cooperative relationship, and consolidated the cooperative foundation. THB will continue to practice long-termism and work hand in hand with FAW Hongqi to ride the surging waves in the era of profound changes in the automobile industry and jointly write a new chapter in the development of the industry.

Hongqi Guoyue Vehicle Donation Ceremony

Subsequently, in the presence of the on-site personnel, Cao Lijun, Deputy General Manager of the Supply Chain Management Department of FAW Group, presented the key gift box of the Hongqi Guoyue to Guo Desui, President of THB Group. Xu Yaoxin, General Manager of Xinxiang Rongzhihui, a FAW Hongqi dealer, presented flowers and took a group photo.

Annual Master Agreement Signing Ceremony for Employee Vehicle Purchase

Then, Liu Fengzhou, Vice President of THB Group, and Xu Yaoxin, General Manager of Xinxiang Rongzhihui, a FAW Hongqi dealer, signed the 2025 annual general-to-general cooperation agreement. Cao Lijun and Guo Desui witnessed and took a group photo.

Remarks by Cao Lijun, Deputy General Manager of

 FAW Group’s Supply Chain Management Department

Cao Lijun, Deputy General Manager of the Supply Chain Management Department of FAW Group, mentioned in his speech that in the nearly 20-year cooperation process between Hongqi and Tianhai, the depth and breadth of cooperation between the two sides have been continuously improved, and the cooperation projects have also expanded from a single product to system solutions such as high-voltage and low-voltage wiring harnesses, high-voltage and low-voltage distribution boxes, and special wiring harnesses. Tianhai's continuous efforts in stable supply and cost reduction have contributed to the rapid development of the Hongqi brand. In 2024, the annual sales volume of the Hongqi brand exceeded 410,000 vehicles, maintaining a positive growth trend for seven consecutive years. In the future, in the fields of new energy vehicles and overseas markets, FAW Hongqi has set more continuous and ambitious growth targets. In response to industry competition situations such as "competing in technology, cost, and cycle", he hoped that the two sides would promote the establishment of a collaborative innovation mechanism to win greater development space.Group Photo Session for Attending Leaders

On the day of the event, leaders on site tasted the Tian Gong series models of the Hongqi brand together and visited the vertically integrated supply chain production site of THB Group. THB employees got a close look at the popular Hongqi models and had the opportunity to test drive them.

On-site Leaders Observed Hongqi Tiangong Series ModelsOn-site Leaders Visited Vertically Integrated Supply Chain Facilities