Jifeng Auto Parts

Jifeng Auto Parts' German subsidiary received a letter from BMW to develop and produce front and rear seats for passenger cars on BMW's new platform, sold in Europe. The project starts in H2 2027 with an eight-year lifecycle and total revenue of CNY 12 billion.

Jifeng Auto Parts received an order of intent from an unnamed new energy vehicle maker for car seats, with expected revenues of CNY7.8 billion (USD1.1 billion). Deliveries are expected to start in October 2024.

Jifeng Auto Parts has secured a contract from FAW-Volkswagen to supply seats for the Tayron compact crossover, with total revenue estimated at CNY 5.7 billion (USD 802 million). The supply will start in November 2024 and last eight years.

Jifeng Auto Parts' unit in Harbin will supply FAW-Volkswagen with seat assemblies for the Tayron crossover for eight years starting November 2024, with total expected revenue of CNY 5.7 billion (USD 802 million).

Jifeng Auto Parts, a Chinese car seat producer, has won a supply order from an unidentified new energy vehicle maker, expected to generate sales of CNY5 billion (USD725 million) over four years starting June 2024.