Zhejiang Wanfeng Auto Wheel Co., Ltd.

Zhejiang Wanfeng Auto Wheel Co., Ltd. announced that its subsidiary Wanfeng Meiruidun Holdings Co., Ltd. received a letter of intent from Evergrande Hengchi New Energy Vehicle Research Institute (Shanghai) Co., Ltd. for two instrument panel brackets for the EM3 project, with an order value of approximately CNY 42 million.

Wanfeng Auto's subsidiaries Shanghai Meimei and Wuxi Xiongwei have received orders from Tesla suppliers Faurecia China and Yanfeng Adient for magnesium alloy seat frames and seat frame stampings, totaling CNY 120 million. The announcement was made on June 28, 2020.

Zhejiang Wanfeng Auto Wheel Co., Ltd. plans to invest 534 million yuan to build an aluminum alloy wheel smart factory in Xinchang, Zhejiang, with an annual production capacity of 2.2 million wheels.