Jifeng Auto Parts announced that its holding subsidiary, Jifeng Seating Thailand, has received a nomination letter from VinFast Trading and Production Joint Stock Company, securing two passenger vehicle seat assembly projects. The two projects are expected to start mass production in August 2027 and September 2027 respectively, each with a project lifecycle of four years, and an estimated total lifecycle value of approximately 270 million yuan. These contract wins are for two premium seat assemblies for a leading overseas regional automaker, with the vehicle models positioned in the luxury segment, and the per-unit value significantly higher than traditional seat projects.
VinFast Auto Ltd. Ordinary SharesVinFast awards two seat assembly contracts to Jifeng, indicating strong demand for its vehicles.
Ningbo Jifeng Auto Parts CoJifeng's subsidiary secures two premium seat assembly contracts from VinFast, boosting its order book.