CCTV News (News Network): In Shanghai, there is a company whose main flagship product is the valve on car tires, but it is such a small auto parts. With its continuous innovation and upgrading, the company has won the competitiveness of the global market.

When the reporter came to this auto parts company in Shanghai, the company was busy moving new factories and upgrading production lines, and the packaging of the new equipment was being unpacked. The company's head told reporters that they started as a small tire valve and have now become the world's first in the market segment, becoming the accessories supplier of major car companies in the world.

Don't underestimate this small tire valve. After technological upgrades and installing sensors, the price has been leaped from a few yuan to a few dozen yuan. When the reporter interviewed the newly established R&D center of the company, he was caught by the global R&D team to hold a multinational video conference to develop the next generation of tire pressure sensors.

At present, the company has established 11 R&D centers and 19 factories in 7 countries around the world. Technological innovation and globalization layout have greatly improved the risk resistance of enterprises, allowing enterprises to remain calm even in the face of tariff fluctuations.

In addition to technological accumulation and global layout, the confidence of enterprises also comes from the continued growth of the domestic market. The company's head told reporters that the company's domestic business revenue exceeded overseas for the first time last year. This year, they further expanded the development efforts of the domestic market. At present, we are focusing on the new energy vehicle industry chain and fully promoting new projects such as smart air suspension systems. In the first quarter, the company's revenue increased by nearly 30% year-on-year and profit increased by nearly 40%.