Economic development itself is a dynamic process of continuously achieving the transformation of old and new momentum driven by forces such as Technology innovation. International experience shows that as a country enters the late stage of industrialization, Technology innovation will replace primary factors such as land, labor, and capital, becoming the key element of economic growth. Currently, Global Technology innovation has entered an unprecedented period of intense activity, and it is essential to keenly grasp and effectively utilize the new round of opportunities presented by the Technology revolution and industrial transformation to promote the transformation of old and new momentum with Technology innovation, gaining the initiative and advancing in global competition. Relying on Technology innovation to enhance and transform old momentum is necessary. The transformation of old and new momentum is not a simple addition and subtraction, and the development of new quality productivity does not mean neglecting or abandoning traditional industries. At present, traditional industries account for more than 80% of manufacturing in our country, serving as the foundation of national economy and people's livelihood. Through the transformation of intelligent, digital, and green approaches, the production efficiency, product quality, and competitiveness of traditional industries can be effectively enhanced, allowing traditional industries to rejuvenate and release new momentum.