On January 15, the 2024 Annual Summary and Recognition Conference of Wanxiang was held at Wanxiang Innovation & Energy City. The conference summarized the year’s achievements, honored individuals with the titles of “Creation,” “Entrepreneurship,” and “Innovation,” and set the stage for an ambitious 2025. Lu Weiding, Secretary of the Party Committee and Chairman of the Board of Wanxiang Group, delivered a speech, calling on all Wanxiang employees to embrace the global trends—marked by accelerating changes over the past century—by actively engaging in the transformation, reshaping themselves, taking decisive action, daring to explore and strive, speaking truthfully, delivering concrete results, thinking critically, and being adept at problem-solving. May the spirit of “Ten years of hard work have built a city” evolve into “Ten years of hard work have added another zero,” enabling us to remain at the forefront in this new era!

In his speech, Lu Weiding summarized the achievements of 2024, using ten key words—care, talent, spirit, technology, projects, digital intelligence, quality, internationalization, branding, and public welfare—to review the significant events and milestones of the past year, and set forth requirements for the work in 2025.

Lu Weiding emphasized: Strengthen responsibility and continuously pursue the “Three Innovations”—matching people to positions, ensuring everyone fulfills their duties, and adhering to “time- and figure-based goal management.” Indicators must be held accountable, tasks must be meticulously planned, execution capabilities must be enhanced, and initiative must be fully unleashed, creating a brand-new realm through the practice of the “Three Innovations.” We must uphold first-principles thinking and firmly believe that “people are the decisive factor.” Centered around the “Seven Steps and Seven Determinations,” we will build a modern, highly efficient, systematic, and structured human resources management system, emphasizing “professionalism, importance, and excellence,” broadly attracting “specialists, high-caliber talents, and multi-talented individuals” to maximize the value of our human resources. We must make effective investments and steadfastly cultivate our corporate culture. Adhering to the “Root Model” philosophy, we will develop “core businesses,” clearly define our strategic positioning, focus on compound growth, stay in sync with market trends, move toward the future, seize opportunities, strengthen execution, solidify our expertise, highlight our strengths, and accelerate the implementation and effectiveness of key initiatives. We must shift our mindset and embrace intelligence: Upholding innovation-driven development, grasping global trends, seizing opportunities, and making comprehensive arrangements. In the context of artificial intelligence, we will open up new ways of thinking, adopt a results-oriented approach, and effectively leverage AI and blockchain technologies to empower enterprise development and promote a deeper integration of the digital economy and the real economy. We must go all out and accelerate the construction of the Innovation & Energy City: Speed up progress, take the lead, and based on “energy + blockchain,” scientifically establish an innovative ecosystem, build a national-level laboratory, enhance our brand awareness and influence, become a great company, and remain an original innovator. Let’s turn the Innovation & Energy City into a truly conscientious and exemplary project recognized worldwide, embodying our integrity, confidence, and determination!

Wanxiang Qianchao Co., Ltd. embraces positivity and integrity as its guiding light, and with collective strength and unity, it harnesses energy and achieves great things. In 2024, the Board of Directors and all employees carried forward the spirit of model workers, the entrepreneurial spirit, and the Lu Guanqiu spirit, taking “Making the air cleaner” as our mission. We have deepened our efforts in clean energy and intelligent motion control, built the Wanxiang Innovation Energy Hub, and established an industrial technology innovation center, achieving new milestones in Wanxiang’s endeavors. To summarize our experiences and recognize outstanding achievements, we have decided to award the title of “Innovation” to 11 entities, including the Blue Sky Energy Storage Project Construction Team of Zhejiang Puxing Lan Natural Gas Power Generation Co., Ltd., the Development Team for High-Efficiency and Compact Ball-Cage Universal Joints at the Wanxiang Qianchao Constant-Speed Drive Shaft Factory, and Chengde Luloo Co., Ltd.; to award the title of “Entrepreneurship” to 13 entities, including the Ultra-Charging Cell and Application Development Project of Wanxiang 123 Co., Ltd., the F-Q1 System Certification Project Team at the Universal Joint Factory of Wanxiang Qianchao Co., Ltd., and the Resource Department of Xinjiang Nitrate Potash Fertilizer Co., Ltd.; and to award the title of “Creation” to 32 entities, including the Aluminum-Shell Energy Storage Cell Development Team of Wanxiang 123 Co., Ltd., the L-X04 Project Team of Wanxiang (Shanghai) Technology Co., Ltd., and the Ship Management Department of the Fishing Headquarters of Dayang Shijia (Zhejiang) Co., Ltd. Lu Weiding presented awards to the representatives who received these honors.

The award-winning representatives shared their experiences at the conference.

Han Xiao personally received the 2024 Wanxiang Group “Innovation” honor title; the supercharging cell and application development team led by him at Wanxiang 123 Co., Ltd. was awarded the 2024 Wanxiang Group “Entrepreneurship” honor title.

Han Xiao, the award-winning representative from Wanxiang 123, stated that this honor stems from everyone’s continuous efforts to step out of their “comfort zones” and overcome difficulties through relentless striving. Tomorrow, we’ll start from “zero”—shedding our aura and setting new milestones. The world is undergoing earth-shattering changes, and ahead lie challenges marked by wind, frost, rain, and snow. We must bravely take the lead, boldly create history, and ensure that Wanxiang 123 remains at the forefront of driving future transformations in this era of global integration and artificial intelligence-driven change.

The research and development team led by Xu Huafu at Qianchao Driveshaft Co., Ltd., specializing in lightweight ball-joint high-performance passenger car drivetrain assemblies, has been awarded the 2024 Wanxiang Group “Innovation” Honor.

Xu Huafu, the award-winning representative from Transmission Shaft Company, stated that in the face of challenges such as market fluctuations, technological advancements, and intense competition, we have always upheld a spirit of innovation, continuously explored new avenues, and been committed to enhancing our products’ technical performance and building a strong reputation for quality—gaining the trust and support of our customers. Looking ahead, we will continue to focus on the “9N” user market and the strategic imperatives of “cultivating tech talent and improving quality and efficiency,” boldly embracing “three innovations,” forging ahead with determination, and steadily strengthening our company’s competitiveness in the global market.

Shen Zhijun, a member of the Board of Directors of Wanxiang Group, presided over the conference. The conference called upon the recipients of the honored titles—“Creation,” “Entrepreneurship,” and “Innovation”—to keep up their efforts, forge ahead with renewed vigor, fully demonstrate their exemplary and leading roles, and make even greater contributions to the development of Wanxiang’s business. All companies, departments, and employees are encouraged to take these outstanding role models as their guide, embody the spirit of Lu Guanqiu, strive to be exemplary Party members in the new era and loyal workers who uphold the General Secretary’s vision. Grounded in our commitment as pioneers of Wanxiang’s cause, we must firmly focus on our development goals, enhance our new-quality productivity, pursue high-quality development of modern industries, and scientifically build the Wanxiang Innovation & Energy Hub. Let us move forward with vigor toward the new, climb higher, and grow stronger, ensuring that the slogan “Ten Years of Struggle Add a City” evolves into “Ten Years of Struggle Add a Zero”—continuously advancing and making Wanxiang’s unique contribution to promoting Chinese-style modernization!

Chairman Lu Weiding’s speech sparked an enthusiastic response among employees, who said they felt deeply inspired and greatly energized. In the new year, they pledged to further strengthen execution in their respective areas of business, as requested by the Chairman, and to unite and forge ahead with even greater determination, striving for continuous improvement and reaching new heights.

The conference adopted a live-streaming format featuring both on-site and online participation, creating a vibrant and engaging experience. Following the summary and awards ceremony, a lively cultural performance was held. Representatives from various companies and students from Wanxiang College presented a variety of performances—including classical dance, medleys of popular songs, poetry recitations, and vernacular poetry in the style of the Song Dynasty—each brimming with artistic flair and joy, bringing the atmosphere of the conference to a thrilling climax. At the Spring Festival Gala dinner, all participants gathered together in festive spirits, exchanging warm wishes for the coming year.