Zhejiang Wanxiang Zhizhi Automotive Control Systems

Zhejiang Wanxiang Zhizhi Automotive Control Systems, a wholly owned subsidiary of Zhejiang Wan'an Technology, received a letter of intent from an undisclosed new energy vehicle maker to supply aluminum fixed calipers for three models. The project has a 5-year lifecycle with estimated total sales of 980 million yuan, starting production in 2026.