Moving Forward Together, Embarking on a "Lightweight" Journey

Shanghai, China – May 24

Changchun Fusheng Automotive Technology R&D Co., Ltd. (hereinafter referred to as "Fusheng R&D Company"), a subsidiary of Zhuojun Investment Holdings (Changchun) Group Co., Ltd., has signed a Memorandum of Understanding (MoU) with Dow Inc. (NYSE: DOW), a globally renowned company. The two parties will jointly explore the applications of polyolefin elastomer (POE) artificial leather and 3D air fiber mats in the automotive industry, facilitating further innovation in lightweighting, personalization, and comfort for the automotive sector.

Dow accelerates the development of innovative solutions for automotive cockpit applications in collaboration with industrial chain partners: (2nd from left) Niu Weidong, Vice President of Zhuojun Investment Holding (Changchun) Group Co., Ltd.; (1st from left) Diao Xiaonan, Project Director of Changchun Delian Chemical Co., Ltd.; (2nd from right) Bambang Candra, Vice President of Commercial, Asia Pacific, Packaging & Specialty Plastics at Dow; (1st from right) Yu Hang, Vice President of Shanghai Harvest New Material Co., Ltd.

Quotes from Executives

Regarding empowering the development of the automotive industry, Mr. Niu Weidong, Vice President of Zhuojun Investment Holding (Changchun) Group Co., Ltd., stated: "Dow’s EVOAIR™ POE artificial leather solutions and INFINAIR™ 3D air fiber cushion solutions have significant advantages in low-carbon environmental protection, comfort, and lightweighting. We aim to bring more differentiated and personalized cockpit solutions to the automotive industry through cooperation with Dow."

Mr. Bambang Candra, Vice President of Commercial, Asia Pacific, Packaging & Specialty Plastics at Dow, said: "Dow is committed to driving innovation and meeting customers’ growing demand for sustainable solutions. The automotive industry requires more lightweight and differentiated solutions, especially in today’s era of electric vehicles. We are pleased to launch this new cooperation with Fusheng R&D. Going forward, we will continue to deepen cooperation with partners across the value chain and move forward together."

Li Mingzhuang 

(Bambang Candra)

Packaging & Specialty Plastics at Dow Inc.

Vice President of Commercial, Asia Pacific

"Dow is committed to driving innovation and meeting customers' growing demand for sustainable solutions. The automotive industry requires more lightweight and differentiated solutions, especially in today's electric vehicle era. We are pleased to launch this new cooperation with Fusheng R&D Company to explore applications in the automotive market. In the future, we will continue to deepen cooperation with partners across the value chain and move forward together."

         

Niu Weidong  

Zhuojun Investment Holding

(Changchun) Group Co., Ltd.

Vice President

  

"Regarding empowering the development of the automotive industry, Dow’s EVOAIR™ POE artificial leather solutions and INFINAIR™ 3D air fiber cushion solutions have significant advantages in low-carbon environmental protection, comfort,  and lightweighting. We aim to bring more differentiated and personalized cockpit solutions to the automotive industry through cooperation with Dow."

 About Fusheng R&D

As a wholly-owned subsidiary and R&D center of Zhuojun Investment Holding (Changchun) Group Co., Ltd., Changchun Fusheng Automotive Technology R&D Co., Ltd. focuses on the technology R&D, design, verification, and testing of auto parts and automotive materials, with rich experience in R&D and design as well as advantages in industrial resources. Zhuojun Investment Holding (Changchun) Group Co., Ltd. is a leading enterprise in China’s auto parts industry, whose core products cover automotive seat systems, cockpit interior systems, cockpit electronics, and after-market businesses. Adhering to the mission of "providing customers with a safer, more comfortable, smarter, and more environmentally friendly automotive world," Zhuojun Holdings offers more options for cockpit system solutions to the automotive industry and strives to become a leading domestic and world-class green auto parts group.

 About Dow

Dow Inc. (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, transportation, and consumer applications. Our global footprint, asset integration and scale advantages, focused technological innovation, business leadership, and commitment to sustainability ensure that we can achieve profitable growth and help build a sustainable future. We have manufacturing facilities in 31 countries and regions, with approximately 35,900 employees worldwide. Dow achieved sales of approximately USD 45 billion in 2023. "Dow" or "the Company" refers to Dow Inc. and its subsidiaries. For more information about us and our vision to become the world’s leading materials science company in innovation, customer focus, inclusivity, and sustainability, please visit www.dow.com.