Jifeng Auto Parts secures $423M EV seat supply order

Jifeng Auto Parts' Changzhou unit received a letter of intent from an existing domestic EV customer to supply auto seats for two upcoming EV models, with an expected total value of up to CNY 3.1 billion ($423 million). Mass production is scheduled to start in April and May 2026.

“Its Changzhou unit has received a letter of intent from the unidentified buyer, designating it as the supplier of auto seats for two upcoming EV models.”yicaiglobal.com

• 1 source
• yicaiglobal.comJifeng Gains After Chinese Auto Parts Supplier Lands USD423 Million EV Seat OrderTang ShihuaJan 7, 2025

Summarized from public sources; check the original articles before acting on it.