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Changchun Faway Group Automotive Components Co., Ltd. received a letter of intent from an undisclosed joint venture automaker to develop and supply seat products for its vehicle models. The project is expected to start mass production in October 2027 and January 2028, with a total lifecycle value of approximately 3.936 billion yuan.
“The company will serve as the customer's parts supplier, developing seat products for its vehicle models.”i.ifeng.com
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