Recently, 8 representatives from namyang institute of Hyundai Motor and other companies audited and certified our products. The chief engineer of the Company Liu Hongwei and other crews participated in the reception.
Hyundai Auto Corporation is the largest automaker in Korea and one of the most famous brands in world automobile enterprises. One million Hyundai motors are produced annually in China. In late 2017, Hyundai began the certification process and samples were required. Through the test from namyang institute of Hyundai Motor, Yantai Hyundai Motor research and development center and Jiangsu modern comprehensive special steel co. LTD., our products were affirmed and passed the test. The purpose of this visit is to audit and to confirm the product technology agreement.
After adequate technical exchanges and on-site audit, they determined the certification scheme that the engines and parts for chassis made by Xingtai Steel will be tested. After being certified by Hyundai Motor, the high-end products of Xingtai Steel will enter its suppliers purchase platform and be applied to more than ten vehicle models such as Kia. It will further occupy the market of imported automobile materials and other automobile materials for cars made by Korean joint venture, replace Korean imported products, increase the output of high-end steel products, and enhance the influence of our brand.
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