AXT Wins Best Technical Practice Application Award at the 7th Gasgoo Awards

Shanghai, October 30, 2025 – At the 7th Gasgoo Awards ceremony, Anhui Xiaoxiao Science and Technology Inc. (AXT) stood out among over a thousand nominated technologies to claim the "Best Technical Practice Application Award" – part of the prestigious "China Top 100 New Automotive Supply Chain" series – for its groundbreaking application of hollow motor shaft technology. The honor marks a strong endorsement of AXT's deep-rooted expertise in precision automotive components.

Now in its seventh year, the Gasgoo Awards have grown into a benchmark for technological strength in China's automotive industry. Guided by the founding vision – discover great companies, promote great technologies, and empower automotive professionals – the awards have mirrored the sector's transformation: from a field once dominated by foreign enterprises to one where local players now take home 60% of the trophies. That shift encapsulates the industry's evolution from price-driven competition to value-driven competition.

The award-winning hollow motor shaft is a key enabler of lightweighting in new energy vehicles. Compared to conventional solid shafts, it delivers over 30% weight reduction while maintaining equivalent bending stiffness – directly reducing energy consumption and aligning with the industry's dual-carbon goals.

AXT's journey is a testament to the craftsmanship that underpins China's manufacturing sector. As the country's automotive industry transitions from a large-scale player to a global leader, this recognition is more than a corporate milestone – it underscores the growing self-reliance and capability of China's automotive supply chain. Looking ahead, AXT will continue to strengthen collaborative innovation with upstream and downstream partners, leveraging its global footprint to extend the application of hollow motor shaft technology across a broader range of scenarios.