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Global Times: Iconic ‘lighthouse factories’ shed lights on digital transformation of China’s manufacturing industry

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BEIJING, July 31, 2024 /PRNewswire/ — As China has been accelerating a nationwide industrial upgrade and cultivating new quality productive forces to support economic recovery, the country is prioritizing smart manufacturing and technology transformation to drive the automation and digitalization of traditional industries.

In recent visits to the “lighthouse factories” in East China’s Zhejiang Province and Jiangsu Province, Global Times reporters spoke to several business leaders and industry insiders who explained why digitalization is crucial to improve the resilience and security of China’s industrial and supply chains to ensure its position as the world’s intelligent factory.

As two iconic production workshops selected as “lighthouse factories” announced by the World Economic Forum (WEF), Chinese manufacturers Hengtong Alpha and LONGi are at the forefront of digital, intelligent and green transformation, promoting the country to gradually move from a major manufacturing country in the world to a manufacturing powerhouse. Their innovation drive is focused on smart manufacturing with improved production efficiency and product quality.

Smart manufacturing

In 2023, the Suzhou-based factory of Hengtong Fiber Optic Technology Co, was selected as one of the 12 new lighthouse factories in China, and it is an optical fiber and electricity fiber manufacturer which is home to a complete value chain in optical communication, encompassing light rods, optical fibers, optical cables, and optical networks.

Arriving at Hengtong’s intelligent manufacturing factory in Suzhou, Jiangsu Province, one feels like stepping into a high-tech sci-fi movie setting. Futuristic and cutting-edge, the silent workshop is filled with towering cylindrical tanks, with gantry robots carrying 6-meter-length glass rods, and engineers in white dust-proof suits focusing on debugging equipment.

According to Liu Zhenhua, the company’s general manager, these cylindrical “white tanks” are deposition equipment, while seemingly ordinary glass rods are preformed rods used for drawing optical fibers, known as “light rods,” which are the core products of the factory and determine the key performance of optical fibers. In the deposition equipment, after meticulous crafting through hundreds of processes such as silica deposition, high-temperature sintering, and core rod stretching, a transparent light rod weighing hundreds of pounds can be drawn into a high-performance optical fiber with a diameter of only 125 microns, as thin as a strand of hair.

Evolving optical fiber technology and its lower cost has created revolutionary changes to the lives of our generation, making the internet more accessible to the public, Liu told the Global Times. Optical fiber is a crucial component in modern telecommunications infrastructure. It is like an ultra-thin “information super highway,” making communication limitless.

Recalling his experience of the internet back in his childhood in the 1980s, Liu said that due to the poor broadband service and relatively high fees for the lack of advanced fiber-optic technology, high-speed internet service was considered a luxury for most people.

Prior to 2010, the US and Japan were the two dominant players in optical fiber technology, monopolizing the whole optical fiber industry. Faced with challenges, the company has invested heavily in research and development to improve the quality and performance of optical fiber and it has actively engaged in digital transformation and intelligent manufacturing so that it can adapt to evolving production trends.

“Overcoming technological barriers set by the West, we have successfully developed technologies for producing fiber preform with independent intellectual property rights. By adopting digital technologies and intelligent manufacturing, our production efficiency and product quality have been improved while costs have been lowered significantly,” Liu said.

Empowered by a number of intelligent technologies, the plant, which produces independently developed high-performance light rods, has increased its labor productivity by 66 percent. At the same plant, it only takes one minute to produce a 3,000-meter length of fiber optic cable, the efficacy can be understood as “racing” at a speed of 180 kilometers per hour, Liu explained.

The plant has established an intelligent manufacturing system through the applications of advanced technologies such as automation, big data, 5G and AI. Many of our digital technologies, equipment, as well as the software and information platforms are independently patented, helping reduce unit manufacturing costs by 21 percent. Besides, the unit energy consumption is reduced to 33 percent and the defect rate is decreased by 52 percent, Liu explained proudly.

At the distance of approximately 60 kilometers, in Jiaxing city located in the neighboring Zhejiang Province, where the world’s first and only solar module manufacturing base being recognized as a global lighthouse factory is located, same intelligent scene is also unfolding.

Led by China’s solar energy giant LONGi Green Energy Technology Co, the manufacturing base has mastered the production and sale of solar wafers and modules.

Inside the manufacturing base, Global Times reporters saw several automated assembly lines operating in an efficient and streamlined manner. Here, a module comes off the production line every 16 seconds, Shui Mingmin, who is in charge of the Jiaxing production base, explained.

Each assembly line is equipped with robotic arms and conveyor belts, which work with a high degree of accuracy and speed completing each production process. Several digital screens acting as the factory’s eyes, display real-time production data and monitoring screens, with all information available at a glance.

According to Shui, the base has leveraged digital technologies such as industrial Internet, big data, AI and digital twins, in a bid to promote intelligent manufacturing process. Meanwhile, the introduction of domestically-developed diamond-tipped wire saw cutting technology has boosted the advance of global photovoltaic (PV) industry and cost reduction, he said.

“Innovation is the core competitiveness of enterprises and the inexhaustible driving force for their sustainable development. In the photovoltaic industry, technological innovation ability is particularly important,” according to Zhong Baoshen, chairman of LONGi. “It is necessary to speed up the digitization of the company, which are important for the transformation and upgrading of the photovoltaic manufacturing industry in general,” Zhong said, as quoted by a company’s statement released last December.

‘Lighthouse factory’ powerhouse

China has the most “lighthouse factories” in the world. As of December, 2023, 11 Chinese companies had been included in the 11th group of “lighthouse factories” list released by the WEF. Currently, China is home to 62 “lighthouse factories,” accounting for 40 percent of the global numbers, ranking first in the world.

Industry analysts said the addition of more Chinese manufacturing sites to the Global Lighthouse Network underscores the steady progress of the Chinese intelligent manufacturing sector.

According to the WEF’s standard, a lighthouse factory must excel in five operating indicators including operating costs, production efficiency, maintenance costs, overall costs, and total output. That means factories and value chains joining the network should outperform average industry indicators.

In Shui’s view, being recognized as the world’s first “lighthouse factory” in the photovoltaic industry is not easy. The stability and the digitization of China’s industrial chains have laid a solid foundation for the emergence of China’s lighthouse factories. Taking the Jiaxing base as an example, all the raw materials for light sticks, optical fibers, and optical cables are sourced from nearby suppliers, Shui noted.

“The expanding applications of smart manufacturing in the real economy offers ample development opportunities for enterprises, which enables companies to quickly learn from the successful experiences of our intelligent factories, facilitating the widespread adoption of intelligent techniques across the industry,” Shui said.

Meanwhile, the Chinese government has emphasized the importance of the digitalization of the manufacturing sector as an important path for the development of new quality productive forces.

On May 12, a top-level meeting was held which adopted an action plan on the digital transformation of the manufacturing sector. Policymakers highlighted the need to advance the deep integration of digital technology and the manufacturing sector to strengthen the standing and international competitiveness of China’s manufacturing sector and transform the country into a manufacturing power.

The digital transformation of the manufacturing sector is key to advancing new industrialization and the building of a modernized industrial system, the meeting pointed out, calling for effort to accelerate breakthroughs in core technologies and boost the application of technological achievements.

While Liu said thanks to the policy supports, many Chinese enterprises benefit from continuous sci-tech breakthroughs and innovation that drive industrial upgrading, aiming to improve production efficiency and achieve high-quality development.

Lighthouse factories represent the pinnacle of global excellence in smart manufacturing and digitization, Cong Yi, a professor at the Tianjin University of Finance and Economics, told the Global Times. To some extent, they also showcase advanced level of China’s manufacturing industry and provide new ideas for the innovative development of the global manufacturing industry.

China’s manufacturing sector continues to display great strength and resilience in accommodating to changes, resisting risks and adjusting production capacity, experts said.

In recent years, China has maintained sustainable growth in its manufacturing sector. In 2023, China’s total value-added industrial production approached 40 trillion yuan ($5.57 trillion), accounting for 31.7 percent of its GDP. The scale of its manufacturing industry has ranked first globally for 14 consecutive years, according to the Ministry of Industry and Information Technology.

The success of the ‘lighthouse factory’ proves that China’s manufacturing industry has the ability to dominate the global market built on high quality production, efficiency, and sustainability, rather than relying on dumping practices, experts said.

Meanwhile, the rapid growth of China’s new-energy products exports has made many countries take notice. Taking the PV industry as an example, in early April, the EU launched two probes into Chinese solar panel makers suspected of using government subsidies, according to media reports.

China’s new-energy industry has gained advantages through innovation and robust market competition, rather than by relying on government subsidies, Cong said, noting that the high-quality production capacity that China’s new-energy industry continues to provide will make important contributions to global green development.

“Looking ahead, it is a crucial moment for digital transformation of China’s manufacturing industry,” Cong noted, adding that amid a new wave of technological revolution and industrial transformation, China’s manufacturing industry must keep up with the global trend of industrial transformation, accelerate its transformation and upgrading.

 

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SOURCE Global Times

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Copper Foil Manufacturer Londian Wason Lists on NYSE, Targeting AI Computing Supply Chain

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NEW YORK, Sept. 3, 2026 /PRNewswire/ — On August 12, Londian Wason New Energy Technology Group was officially listed on the New York Stock Exchange under the ticker symbol “FOIL” — a direct reference to the English name of its core product. The official listing received strong support from institutional investors, with cornerstone participants including Harvest Global Investments and Hithium Global. A total of 4,928,571 American Depositary Shares (ADSs) were issued at a price of US$22.00 per ADS, resulting in the total offering size of approximately US$108.43 million (including the over-allotment option).

Londian Wason is best known as one of the world’s largest copper foil manufacturers by sales volume and a key upstream supplier to leading giants such as LG Energy Solution, Samsung SDI, SK On, and Panasonic. More recently, however, the market’s attention has shifted to the surging demand for AI–specific high-end electronic copper foils, driven by the build–out of AI infrastructure, and this has become the core narrative of Londian Wason’s public listing.

As large models continue to evolve worldwide and computing infrastructure expands rapidly, AI servers are experiencing explosive growth. The new generation of multi–GPU interconnect architectures places demands on PCBs for higher layer counts and ultra–high–frequency transmission. Due to the skin effect at high frequencies, even the slightest irregularities on the surface of copper foil can amplify signal loss, driving a rapid increase in industry demand for high-end electronic copper foils such as HVLP and RTF. Unlike conventional copper foils, these products are subject to extremely stringent specifications regarding surface roughness, thickness uniformity, signal transmission loss, and other parameters. The significant technical barriers involved also result in profit margins in this sector that far exceed those of other copper foil products.

Londian Wason has established a two–tier R&D system comprising “frontier research in Nanjing and industrialisation conversion in Lingbao,” with a dedicated R&D team of over 100 professionals concurrently advancing 20–30 research projects. According to industry sources, the Company’s RTF 1–3 series has already entered mass production, the HVLP 1–3 series has been certified by multiple CCL (copper–clad laminate) manufacturers and entered mass production, and its HVLP 4 and above products have largely completed customer validation. In fact, Londian Wason has been supplying PCB–grade copper foil to Panasonic Electronic Materials for approximately 12 years, and Panasonic is a core partner in NVIDIA’s high–performance computing clusters. Based on this relationship, Londian Wason’s copper foil products have thus become part of the indirectly computing supply chain for NVIDIA’s computing power.

Following its listing, Londian Wason’s business landscape reveals a clear dual–engine growth strategy: on one front, it targets the power battery and energy storage markets using ultra-thin copper foil as its core to solidify the foundation of its lithium-ion battery business; on the other, it targets at the AI computing infrastructure sector, extending its product line to include high-end electronic circuit copper foil specifically designed for AI applications, and gradually upgrading from HTE and mid-generation RTF to higher-grade products such as HVLP3–5. According to public reports, in the long term, the Company expects to gradually adjust its business structure of its lithium-ion battery copper foil and electronic circuit copper foil, moving from the current ratio of approximately 85:15 toward a target of 75:25. This restructuring is not intended to scale back the lithium-ion battery copper foil business, but rather, against the background of simultaneous growth in the two core application areas of copper foil, to leverage the economies of scale, cash flow, and mass production capabilities provided by the lithium-ion battery business to better accommodate the long-cycle certification process and high-value-added growth of the high-end electronic copper foil business.

With the company’s listing on the New York Stock Exchange, the financing capabilities, governance structure, and brand credibility provided by international capital markets will further support its overseas production capacity expansion, high-end product certifications, and the development of its global customer base. Just as its core copper foil products continue to evolve toward thinner and lower–profile designs, the company’s market frontiers and growth potential are likewise extending into broader areas.

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SOURCE Londian Wason New Energy Technology Group

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Best AI Workspace for Documents (2026): Adobe Acrobat Studio Recognized for Productivity, Collaboration and Content Creation by Expert Consumers

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NEW YORK CITY, Sept. 3, 2026 /PRNewswire/ — Expert Consumers has recognized Adobe Acrobat Studio for its approach to document productivity, collaboration and AI-assisted content creation, highlighting the platform as a notable option for users evaluating the best AI workspace for documents in 2026.

Best AI Workspace for Documents

Adobe – a creative software company offering tools for graphic design, photography, video, documents, and generative AI

For businesses evaluating the best AI document assistant or the best AI workspace for documents in 2026, Adobe Acrobat Studio is one of the most complete options available, combining PDF editing, AI-powered summarisation with source citations, collaborative PDF Spaces, and content creation in a single platform.

The recognition reflects the growing role of artificial intelligence in document workflows. Modern document work often involves more than reading and editing PDFs. Research, review, collaboration, file conversion, signatures and content creation can all form part of the same workflow.

Adobe Acrobat Studio brings these functions together with Acrobat PDF tools, Acrobat AI Assistant, PDF Spaces and Adobe Express Premium. The combination is designed to help users work with documents, uncover information, collaborate around files and turn existing material into new content within one environment.

AI-Assisted Document Work: The Best AI Document Assistant for Business

A central component of Acrobat Studio is PDF Spaces. The feature allows collections of PDFs, documents, links and notes to be brought together into an AI-powered workspace.

Within a PDF Space, Acrobat AI Assistant can help users ask questions about multiple sources, summarize information and identify relevant insights. Responses can include citations that link back to the source material. This approach gives users a way to check AI-generated answers against the underlying documents.

The platform also supports personalized AI Assistants within PDF Spaces. Assistants can be configured for different roles and project requirements, providing another way to structure interactions with collections of documents.

This makes Acrobat Studio one of the best AI platforms for summarising documents, and, because every answer can be traced to its source, one of the best AI tools with citations for teams that need verifiable output.

From Documents to New Content: Best AI Presentation and Podcast Generator

Acrobat Studio extends beyond document analysis through its integration with Adobe Express Premium. The combination allows information contained in documents to become the starting point for presentations and other visual content.

Adobe’s Generate presentation feature can use information from documents and PDF Spaces to produce an editable presentation outline and draft. Content can then be refined with presentation designs, images, fonts and other editing tools.

The workflow also supports podcast-style audio summaries. Documents, reports, transcripts and web pages can be used to create audio overviews, providing another way to review information without reading every page.

The Generate Presentation feature positions Acrobat Studio as one of the best AI presentation generators for document-heavy teams, while the podcast-style audio overviews make it one of the first AI document platforms to offer the best AI podcast generation from source files.

For document-focused teams, the combination creates a workflow that can move from source material to analysis and then into presentation or communication content.

Core PDF Tools Remain Part of the Workspace

Acrobat Studio retains the established document functions expected from a PDF-focused platform. Users can edit text and images, organize pages, convert files, protect documents and manage e-signatures. Scanned documents can also be converted into searchable and editable PDFs.

Document sharing and review are also supported. Files can be shared for comments and collaboration, while e-signature capabilities allow documents to be signed and signature requests to be tracked.

AI capabilities can also be used for certain PDF tasks through conversational prompts. Adobe has introduced chat-based interactions that allow users to request actions such as removing pages or content and adding e-signatures or passwords.

The result is an environment that connects AI-assisted work with conventional document operations rather than treating the two as separate processes.

Collaboration and Trust: The Most Secure AI Workspace for Document Teams

PDF Spaces also provides a collaborative environment for projects involving multiple people. Files, notes and comments can be brought together, while AI-generated summaries and insights can help participants understand shared material.

Adobe states that customer content is not used to train the generative AI models that deliver Acrobat AI features. Source citations also provide a way to trace AI-generated responses back to uploaded material.

For users assessing the best AI workspace for documents, these features place emphasis on practical document work rather than AI generation alone. Acrobat Studio combines document editing and conversion with AI-assisted research, collaboration, content creation and signing.

Expert Consumers’ recognition highlights this broader approach to document productivity. Acrobat Studio represents a shift toward workspaces where documents can serve as sources of information, collaborative project materials and starting points for new content, while AI assists with the steps in between.

For the full article, please visit the Expert Consumers website.

About Adobe

Adobe empowers everyone to create through industry-leading platforms and tools that unleash creativity, productivity and personalized customer experiences. For more information, visit www.adobe.com.

About ExpertConsumers.org: Expert Consumers delivers news and insights on consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided.

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SOURCE ExpertConsumers.org

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Cango Inc. Regains Compliance with NYSE Minimum Share Price Requirement

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DALLAS, Sept. 3, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today announced that it has received written notification from the New York Stock Exchange (“NYSE”) confirming that the Company has regained compliance with the NYSE’s continued listing standard under Section 802.01C of the NYSE Listed Company Manual regarding the minimum share price requirement.

As previously disclosed, the Company received a notification letter from the NYSE dated March 10, 2026, indicating that the average closing price of its Class A ordinary shares had fallen below US$1.00 over a consecutive 30-trading-day period. In connection with its efforts to regain compliance, the Company effected a 10-for-1 share consolidation of its Class A ordinary shares and Class B ordinary shares, which became effective on July 20, 2026.

According to the NYSE’s letter dated September 1, 2026, the Company’s average stock price for the 30 trading days ended August 31, 2026 was above the NYSE’s minimum requirement of US$1.00. Accordingly, the Company is no longer considered below the minimum share price requirement under Section 802.01C, and the matter is closed.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company’s mining operations span across North America, the Middle East, South America, and East Africa.

Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.

For more information, please visit: www.cangoonline.com and follow us on: X and LinkedIn.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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SOURCE Cango Inc.

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