Donghongtu expects that Tianjin Hongtu will be completed and put into production in 2024. According to financial industry news, Guangdong Hongtu stated that Tianjin Hongtu is currently in the construction phase and is expected to be completed and put into production in 2024. After the project is completed, it will mainly produce precision aluminum alloy die-casting parts for automobiles. The project started construction on April 20, 2023, and it is the first time that Guangdong Hongtu Technology Co., Ltd. has invested in establishing a factory in the northern region. The project covers an area of 120 acres, with the first phase covering approximately 75 acres and an investment of approximately 504 million yuan. It will mainly construct a power center, CNC workshop, and die-casting workshop. After the first phase is completed, it will be able to produce 12,000 tons of new energy powertrains, chassis, and body structure parts annually, providing them to automobile manufacturers such as FAW Toyota, FAW Toyota New Energy, Beijing Mercedes-Benz, Zhangjiakou Volvo, and Shenyang BMW.
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