/PRCWT/Guangzhou, July 7, 2023——Recently, the new production line of the overseas agreement factory has been moved to communication. After the expansion of the factory, the total production capacity of the company will be increased by 20 to 30%, and the average annual production capacity is expected to exceed 7 million units. This factory upgrade will further optimize the supply chain structure for communication and achieve diversified production goals.
The new production line factory is located in Vietnam, the factory will cover an area of 21,260 square meters after the expansion, and the construction area will exceed 17,520 square meters. The factory is strategically located between important highway hubs, adjacent to airports and ports, with convenient water, land and air transportation, which greatly optimizes production and transportation costs. The factory has successfully passed the third-party international product standard testing, and met the three international standards of ISO9001, ISO14001 and IATF16949, and the production process is mature.
As the pace of social digital transformation and intelligent upgrading accelerates, the Internet of Things is accelerating the integration of the virtual world and the physical world, helping to create new advantages of the digital economy from two aspects: enabling the transformation and upgrading of traditional industries and promoting the development of digital industries. According to the Ericsson MobilityReport, it is expected that by 2027, the global wireless iot connected devices will reach 5.493 billion, of which 4G and 5G iot connected devices will reach 2.208 billion, with a compound annual growth rate of 20.1% from 2020 to 2027. At present, in the development of cellular Internet of Things technology, 4G has become the mainstream of the market,5G technology is in a stage of rapid development, and technology iteration and emerging applications bring more market opportunities to mobile communications.
According to the 2022 annual report, the sales volume of Internet of Things intelligent terminals in the year was 3,537,100 units, an increase of 4% over the same period of last year, and the operating income exceeded 1 billion yuan, an increase of 8.85% over the same period of last year, overcoming the test of the epidemic and achieving performance growth. With the advent of the post-epidemic era and the recovery of the global economy, the Internet of Things industry is about to usher in a new round of growth. In the face of the upcoming industry opportunities, move for communication to actively prepare, the overseas factory expansion will achieve the company's capacity upgrade, the average daily production capacity is expected to exceed 28,000 units, will further enhance the delivery capacity of move for communication. In the current complex and changing international economic situation, enterprises are increasingly inclined to establish cooperative relations with suppliers with diversified markets and stable supplies. Opening up new production lines overseas provides a diversified market choice for Piwei Communications, which helps Piwei maintain closer contact with customers, effectively disperse the risk of order delivery, and improve the success rate of customer decisions. At the same time, customers have access to more stable, personalized products and solutions to better address international economic challenges.
As the world's leading provider of Internet of Things solutions, Weicom is committed to continuously enriching and improving Internet of Things products and solutions to meet customers' current and future needs. At present, the company's products are divided into seven types, namely vehicle information intelligent terminal, asset management information intelligent terminal, two-wheeled intelligent terminal, cold chain transportation management intelligent terminal, industrial wireless router, animal traceability management and personal security intelligent terminal, these products and solutions are widely used in fleet management, car rental and insurance, video car networking, intelligent two-wheeled Car, cold chain transportation and other subdivisions.
In addition to a wide variety of product lines, we also have the advantages of solid industry expansion capabilities, stable product quality and a global sales network. The company has a mature R & D team, the core technical personnel have more than 15 years of industry accumulation, with forward-looking development and design capabilities; Since its establishment, the company has formed 112 authorized patent technologies and 191 software Copyrights. Based on its own software and hardware development capabilities and long-term industry application accumulation, the company provides products with stable quality and low failure rate, and has won the deep trust of major customers. We have devoted more than ten years to successfully build a global sales network, and the overseas branches in North America, South America, Europe and other regions continue to expand business, actively promote business, return visits to customers from time to time, and provide rapid response technical services.
In the future, Weicom will continue to accelerate business growth by providing advanced iot hardware products and solutions to global customers, adhering to the mission of "building the Internet of everything, helping the smart world", and bringing new experiences of the smart connected world to more users.
