Changhua Group Secures Designation from New Energy Vehicle Maker with Estimated Lifecycle Value of 740 Million Yuan

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Changhua Group announced that it has received a designation development notice from a domestic new energy vehicle manufacturer, with the designated products primarily being key metal structural components. The project has a lifecycle of four years, with an estimated total sales value of approximately 740 million yuan over the lifecycle. The products will be produced by its wholly-owned subsidiary Guangdong Changhua Auto Parts Co., Ltd., with mass production expected to begin gradually in the second quarter of 2027. Guangdong Changhua reported revenue of 401 million yuan and a net loss of 16.761 million yuan in 2025.

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Wholly-owned subsidiary will produce the designated products, with estimated lifecycle value of 740 million yuan.