Longhorn Auto (301488.SZ) has received a positioning signal for the Advanced Driver Assistance System (APA) product.
Haohen Qidian (301488.SZ) released an announcement stating that the company recently received a designated letter for the intelligent driving radar perception system (APA) product from a leading new energy automobile brand (based on the confidentiality agreement between the two parties, the specific name of the client cannot be disclosed). The designated letter indicates that the project has a lifecycle of 5 years, with an estimated total turnover of approximately 275 million yuan within the lifecycle. Mass production is expected to begin in March 2027.
Longhorn Auto (301488.SZ) announced that the company recently received a designated letter from a leading new energy vehicle brand (specific name of the client not disclosed due to confidentiality agreement) for their Intelligent Driving Radar Perception System (APA) product. The letter indicates that the project has a 5-year lifecycle, with an estimated total revenue of approximately 275 million yuan within the lifecycle, and mass production is expected to begin in March 2027.
The company has been deeply involved in the field of automotive intelligent driving perception systems for many years. Receiving the designated letter for the above-mentioned client's product demonstrates the client's recognition of the company's project research and development, production, quality management, and overall capabilities in the field of automotive intelligent driving perception systems. This is beneficial for enhancing the company's market share and visibility in the field of automotive intelligent driving systems, and is of significant importance for the company's strategic positioning in the automotive intelligent driving market. This project will not have a significant impact on the company's performance for the current year but is expected to have a positive impact on the company's future business performance.
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