NewSpace Group and Zhongkong Yingrun Group Co., Ltd. have reached a strategic mutual investment cooperation to jointly promote the deep integration of the aerospace industry and intelligent manufacturing

On January 12, 2025, Shanghai - New Space Aerospace Group and Zhongkong Yingrun Group Co., Ltd. signed a strategic cooperation agreement in Shanghai, officially launching deep cooperation in the aerospace industry and intelligent manufacturing fields. The two sides signed a deep cooperation agreement in the fields of enterprise investment and operation, closed-loop aerospace industry chain, and intelligent manufacturing. To create innovation and intelligent manufacturing upgrades in the aerospace industry, jointly promote the automation development of the aerospace industry, accelerate technological cooperation in aerospace equipment, production, key component research and development, and supply chain management.

According to the agreement reached by both parties, cooperation will be carried out in the following areas:
1. Enterprise investment and operation
Both parties conduct detailed market planning through mutual investment, analyze market dynamics and potential risks in depth, and based on this, determine important investment directions and develop comprehensive investment plans. Next, we will work together to utilize disposable funds to support, invest in, and assist related industries that can promote the rapid development of the aerospace industry. Enable them to rapidly grow into a part of the complete industrial chain closed-loop of the new space and aerospace group through various means.
2. Intelligent Manufacturing and Spacecraft Production
New Space and Aerospace Group will introduce advanced production equipment and automation systems with the support of intelligent manufacturing technology from Zhongyingrun Group, and optimize the aerospace production process of spacecraft, carrier rockets and other products. Zhongkong Yingrun Group will provide intelligent manufacturing solutions for the rapid development of the new space and aerospace group, helping it improve production efficiency, reduce costs, and enhance product quality. Both parties will jointly develop a new automated production line based on market demand in the future to improve the accuracy and speed of spacecraft production.
3. Aerospace Industry Supply Chain Management
Zhongkong Yingrun Group will provide an automated supply chain management system for New Space Aerospace Group, utilizing a digital platform to enhance the efficiency of the entire process management from raw material procurement, production to logistics. Both parties will jointly develop a supply chain platform based on the Internet of Things, big data, and cloud computing to enhance the flexibility of spacecraft production.
Both parties plan to jointly build an automated production park in Jimei District, Xiamen in the future, integrating the most advanced manufacturing technology and digital management platform. The production park will create an intelligent, automated and diversified production park by introducing industrial Internet technology, artificial intelligence algorithms, big data analysis and other advanced means. The New Space and Aerospace Group will concentrate on the development and production of various spacecraft and their core components in this park, and enter a sustainable aerospace manufacturing base.
Win win cooperation for the future, move towards deep space exploration
Yang Xiao, Chairman and CEO of New Space Aerospace Group, stated at the signing ceremony: "The strategic cooperation with Zhongkong Yingrun Group is an important step in the development process of New Space Aerospace Group. Through Zhongkong Yingrun's progress and accumulation in the field of intelligent manufacturing, we will accelerate the automation production of spacecraft and breakthroughs in key technologies. The cooperation will significantly enhance our competitiveness in the spacecraft manufacturing industry chain and lay a more solid foundation for the continuous innovation of China's spacecraft manufacturing and operation industry.
Ding Hua, chairman of China Holdings Yingrun Group, said: "The cooperation with New Space Aerospace Group is an important innovation in the field of intelligent manufacturing. The company has rich experience in data assets, industrial Internet, big data analysis and other technical fields, and has become a technology supplier and solution provider in many industries. China Holdings Yingrun Group always adheres to innovation driven development, and promotes the automation upgrading of the industry with intelligent manufacturing."
Collaboration Vision

With the booming development of commercial aerospace, precision manufacturing of rocket engines, launch vehicles, spacecraft production, and key components is becoming an important challenge in the industry. Digital, automated, and intelligent production methods will become the future development trend. This cooperation undoubtedly opens up new opportunities for both parties in various fields such as data asset conversion, spacecraft manufacturing, intelligence, and supply chain management. It also provides new solutions for the rapid growth of new space and aerospace industries, and contributes to the efficient development of the aerospace industry.