On July 1, Yongmaotai revealed that its fully-owned Singaporean subsidiary, a division of Anhui Yongmaotai Auto Parts Co., Ltd., will collaborate with Singapore Automotive Technology to invest approximately RMB 450 million in constructing a smart manufacturing base for automotive components in Mexico. This strategic move aims to broaden the company's reach into international markets, elevate its global brand reputation and market competitiveness, and expedite its internationalization journey.