Magna Hongli Automotive Systems Group Co., Ltd. was established in 2005 (formerly known as Chongqing Hongli Zhixin Technology Development Group Co., Ltd.), headquartered in Yufu Industrial Park, Jiangbei District, Chongqing. It is a company specializing in the R&D, manufacturing and sales of car seats, a high-tech enterprise in Chongqing, and a top ten industrial enterprise in Jiangbei District, Chongqing. In January 2021, the company entered into a joint venture with Canada Magna International Group and became a joint venture company under Magna Group. Magna International Group is one of the world's third largest automotive parts suppliers, the world's top 500 enterprise, the group has more than 200 factories and 60 R&D centers, distributed in North America, South America, Mexico, Europe and Asia Pacific. The joint venture has 13 factories, distributed in Zhuozhou, Hefei, Baoji, Guangdong, Zhejiang, Nanjing, Guiyang, Hunan and other places, with nearly 5,000 employees, and its main customers include Chang 'an, Geely, Ford, etc. After the joint venture, the company will combine the engineering development and testing resources of both parties through a highly vertically integrated manufacturing layout to provide customers with more competitive product solutions. The company is closely around the automotive industry, based on R&D and production of safe, comfortable, intelligent, lightweight and environmentally friendly car seats. The company has more than 200 R&D teams, with appearance modeling, A-side data processing, CAE analysis, product verification testing, static comfort objective evaluation, ergonomics analysis and other R&D capabilities; It has internationally advanced production lines for welding, foaming, cutting, sewing and seat assembly, as well as polyurethane foaming equipment imported from Germany, and automatic cutting bed and tray seat assembly flow lines imported from Japan, with an annual production capacity of 2 million pairs of car seats.