Jifeng Auto Parts announced on the evening of September 24 that its holding subsidiary Grammer Vehicle Parts Harbin Co., Ltd. received a nomination letter from a customer, securing a passenger car seat assembly project from a leading automaker. The company will develop and produce complete vehicle seat assembly products for the customer. The project is expected to start mass production in May 2028, with a life cycle of seven years and an estimated total life cycle value of 9.2 billion yuan, coming from new models of an existing Jifeng customer. Jifeng Auto Parts said that winning another project from an existing customer reflects the customer's recognition of the company's capabilities and services, and the growing order backlog also creates conditions for economies of scale in future production. So far this year, Jifeng Auto Parts has disclosed passenger car seat business project nominations four times. Including this 9.2 billion yuan project, the total value of publicly disclosed passenger car seat project nominations this year is approximately 14.04 billion yuan. As of June 30 this year, the company's cumulative passenger car seat projects on hand reached 35, with total estimated sales over the full life cycle of approximately 120 billion yuan.
Ningbo Jifeng Auto Parts CoSecured a 9.2 billion yuan passenger car seat assembly project nomination from an existing automaker customer, adding to its order backlog.
