Driven by innovation, led by technology. On October 9, the 4th Technology Innovation Day event of New Gonow Group successfully concluded at its Taizhou base. This annual tech extravaganza not only showcased the innovative achievements across the Group's diversified industries but also demonstrated New Gonow's strategic vision and core strengths for the future.

New Gonow Group's innovation strategy is deeply rooted in its diversified industrial layout. In the RV sector, the Group is accelerating its shift towards new energy, focusing on advanced RV chassis design and smart manufacturing, committed to creating greener and smarter mobile living experiences for users. Simultaneously, in the new energy commercial vehicle segment, the Group is actively opening up new growth spaces. Innovative businesses represented by BEING LOGISTICS are entering the cutting-edge field of new energy unmanned logistics vehicles as logistics solution providers, highlighting New Gonow's keen insight and forward-looking for future industry trends.

Pic: Liu Xiang, Senior Vice President of New Gonow Group and CEO of New Energy Vehicle Company, delivering the opening speech.

This year's Technology Innovation Month event perfectly integrated macro-level innovation strategy at the Group level with micro-level innovative practices among employees. The event kicked off with an inspiring warm-up video, with active participation from domestic and international bases, creating an enthusiastic atmosphere. The "Golden Idea" competition immediately ignited passion, featuring ten sparks of wisdom originating from the front lines of production manufacturing and process optimization, fully demonstrating the vibrant innovative consciousness of grassroots employees. Subsequently, eleven excellent project competitions and six new product development competitions took the stage in turn. These outcomes reflected both the deepening and optimization of existing businesses and showcased strong potential for developing new products for the market. The proposals from the two business model design competitions were even bolder, revealing New Gonow's exploration and courage in breaking through existing commercial paradigms. Furthermore, dedicated sessions on patents and government subsidies underscored the Group's high regard for strategic intellectual property layout and leveraging policy benefits to empower innovation.

Pic: Some of the competing project displays.

The grand award ceremony pushed the atmosphere to its peak. Awards were presented successively to the winners of the "Golden Idea" competition, Excellent Project competition, New Product Development competition, and Business Model Design competition. Breakthrough innovative government collaboration projects and patent achievements from the past year were also collectively recognized. This moment served not only as the highest accolade for individual innovators but also as a grand demonstration of the Group's overall innovative atmosphere.

Group Chairman Miao Xuezhong highly affirmed the outcomes of this year's event in his concluding speech. He noted the significant improvement in the quality and diversity of the competing projects, particularly praising the outstanding performance of female employees – "women are no less capable than men" – and expressing pleasure at seeing young employees courageously showcasing their talents and the emergence of numerous skilled new colleagues, reflecting the Group's strong talent reserve. He emphasized that the victory of the RV new energy project indicates that innovation has now transcended mere cost reduction and efficiency gains and is aligning with industry trends. The Group will strengthen its technology reserves, deepen efforts in core areas, accelerate the realization of mass production, and continue to advance business model exploration.

Confronted with this favorable situation of surging innovation, Miao Xuezhong put forward three requirements: innovation requires action from everyone, must take root in people's hearts, and must be integrated into daily work. He stressed: "Technological innovation is no longer a choice, but the only answer for survival and development. It is the 'ballast' and 'engine' that carries us through cycles." He expressed hope that the award winners would become sparks, igniting the innovative passion of all employees, making "Innovation" the most distinctive label of New Gonow people. The Group will continue to invest resources, building a stage for innovators, allowing wisdom to blossom and bear fruit on this fertile ground.

The successfully held Technology Innovation Day, now in its fourth consecutive year, has become a distinctive banner in New Gonow Group's corporate culture. It clearly declares that the innovation advocated by New Gonow is all-encompassing, covering technology, products, manufacturing, and models, and is "innovation by all" that encourages every employee's active participation. Moving forward, New Gonow Group will continue to ignite its core engine – innovation – transforming the accumulated intellectual achievements into practical driving forces that propel the vigorous development of its two main businesses: RVs and new energy commercial vehicles. It will continuously consolidate and enhance its industry competitiveness, advancing steadily and going the distance on its technology-led journey.