Jifaikda: The annual production of 2 million pieces of new energy vehicle wheels project has entered the trial operation.

Fei Kaida announced today that in March 2024, the company agreed for its subsidiary Watson Manufacturing to invest in and construct a new energy vehicle aluminum alloy wheel hub project with an annual production capacity of 2 million pieces. The total planned investment is approximately 557.1773 million yuan, with a construction period of about 2 years. As of the announcement date, the project has completed the main construction and equipment installation, entered the trial operation stage, and the results are basically normal. The project's production can enhance the company's industrial scale and competitiveness, build a supply chain system to promote global strategy, but due to fluctuations in raw material prices, there is uncertainty in economic benefits.