In December 2025, Honglin Power, a leading power cable enterprise, announced the promotion of the "Power Connection Device - Thai Production Base Expansion Project" with a total investment of 385 million yuan. After expansion, the factory will focus on the production of new energy supporting power cable products such as electric vehicle charging gun cables and in-vehicle high-voltage cables. This expansion will add 4 intelligent production lines, increasing the annual production capacity to 1.5 million sets of new energy charging connection products, with an expected annual new output value of 1.623 billion yuan and an average annual net profit of 117 million yuan. Relying on Thailand's geographical advantages, the factory will expand the terminal market through retail channels such as Walmart, and supply supporting products to the Southeast Asian overseas bases of domestic vehicle manufacturers, quickly entering the international new energy vehicle charging cable market. At present, the factory has completed the preliminary preparation work and is expected to be officially put into production in the second quarter of 2026.