Jiangsu Changshu Automotive Trim Group Co.,Ltd. (603035.SH) announced that the company plans to establish a wholly-owned subsidiary, tentatively named Jiangsu Changshu Automotive Trim (Spain) Smart Cockpit Co., Ltd., with a total investment of €24 million. This initiative aims to better serve the company's international clients, continuously expand new overseas market opportunities, and enhance the company's comprehensive competitiveness in the European market.