On December 2, 2023, Jiangsu Huahong Technology Co., Ltd. confirmed that the intelligent steel grabber R&D and manufacturing base will be located in Runye Heavy Industry Co., Ltd. The two parties held an exchange and awarding ceremony and jointly discussed the subsequent in-depth cooperation between the two parties to develop, design and produce special equipment for the specific needs of the resource recycling industry - intelligent steel grabber products and "Crab Boss" special equipment production and sales cooperation related projects.