Guangyang shares

Guangyang shares (002708.SZ) received a letter of award from a leading new energy vehicle customer to supply eight types of new energy reducer special bearings. The project has an estimated lifecycle of 5 years with total sales of approximately 700 million yuan, with mass production expected to start in Q1 2023.

Guangyang shares (002708.SZ) has received a supplier nomination letter from SAIC Volkswagen to become the batch supplier of wheel hub bearings for the Entry NB model.