Founded in 1987, Jiangsu Changshu Aluminum Industry Group Co., Ltd. is a new material and precision machinery manufacturing enterprise that provides various thermal transmission systems and clean technology solutions. Its main products include aluminum foil products and medical clean products. In 2023, its operating revenue reached approximately RMB 6.87 billion, with approximately RMB 1.42 billion, or about 21%, coming from sources outside mainland China. Shandong Xinheyuan Thermal Transmission Technology Co., Ltd., a wholly-owned subsidiary, is responsible for the expansion of production projects. The total investment amounts to RMB 350 million, which is divided into three phases of construction. The company has established a complete industrial chain system, and its products are widely used in the thermal management systems of fuel vehicles and new energy vehicles. Having achieved success in the new energy market in recent years, the company is currently in a stage of rapid development. It has set up a special research team for new energy vehicle battery cases and successfully developed the first domestic production line dedicated to battery cases for new energy vehicles, filling a gap in the domestic market.