On Sep 4th, the Ford welding assembly line in Vietnam built by HGTECH has passed customer acceptance, which is also the first automobile laser automatic welding production line in local.

It is understood that HGTECH is the first laser-based company to go public in China. It has developed China’s first high-performance fiber laser, the first industrial grade ultraviolet laser, picosecond laser and femtosecond laser. Besides, HGTECH is also the first laser company to pay attention to the automobile industry in China. It has laid out the segmentations like automobile industry and others in the past 10 years.

As we know, automobile industry has already become the pillar industry of our country's economy, but laser welding and cutting and other high-end equipment is heavily dependent on imports. Huazhong University of Science and Technology, along with DPCA, GM and many other downstream automobile companies independently developed the "high-quality and high-efficiency laser welding, cutting key technology and complete set of equipment in automotive manufacturing", built the first car body-in-white automatic welding assembly line, and won the first prize of National Science and Technology Progress in 2016.

At present, HGTECH occupies 90% of the domestic market in the field of car body-in-white laser welding and assembling, with GM, Ford and others as its long-term customers. HGTECH officials said that the enterprise is the only Chinese laser enterprise to enter the global automotive welding and assembly field.

In August 30th, HGTECH announced its first half financial report. In the first half of 2018, though with the complicated international political and economic situation and the escalation of global trade frictions, HGTECH’s revenue still grew at a new high rate, which is a 35% increase over the same period last year, amongst which the laser processing and series of complete equipment business maintained more than 30% growth. Since 2011, HGTECH has increased its investment in overseas markets, accumulated more than 100 overseas customers and increased its overseas sales by 10 times in the past seven years. In the first half of this year, its overseas business of laser intelligent equipment has doubled compared with the same period last year.