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The third-stage with around 35,000 square meters will start construction soon, including automatic workshop, logistics, office, dormitory, canteen and basketball court and other recreational facilities. After it is completed and put into operation, it will achieve the total annual output value of 600-800 million of the company.

Jiangsu Hongma Technology Co., Ltd. was established in 2011, covering a total area of 118 mu, the first-stage construction with production of 43 mu, the second-stage for new energy vehicle lightening expansion project covers an area of 75 mu. With a total investment of 360 million yuan, it is a key enterprise in Taicang City and a high-tech enterprise in Jiangsu Province. In 2018, it was awarded "Jiangsu Engineering Technology Research Center" by Jiangsu Province. The company mainly engaged in the manufactory and process of automotive aluminum alloy parts (the oil pan, cylinder head and housing have obtained the high-tech product certificate of Jiangsu Province, and the company has 31 authorized patents.), with the main customers including SAIC Volkswagen, FAW-Volkswagen, FAW Audi, FAW Hongqi, Hitachi and other international renowned first-class enterprises. At present, the company has a number of domestic processing machine units, fully automatic die casting units and heat treatment technology equipment imported from Germany, and its manufacturing technology and processing capacity are at the leading level in the domestic industry. The second-stage of the automation workshop has been completed and put into use in August 2023.According to the overall development strategy of the company, Jiangsu Hongma was acquired by Shiyan Taixiang Industrial Co., LTD in 2022, and completed the equity transfer on April 28, 2023, officially becoming the holding subsidiary of Shiyan Taixiang Industrial Co., LTD. The company always adheres to the service concept of "starting from customer requirements, continuous improvement, striving for excellence ", relying on its rich experience in auto industry and the localization strategy according to local conditions, will bring higher quality products to customers.