Jifeng Group Co., Ltd. (603997.SH) subsidiary has been selected for the passenger car seat assembly project, with an estimated total amount of 2.12 billion yuan.

According to the Zhichong Finance APP, Jifeng Group Co., Ltd. (603997.SH) announced that its subsidiary, Jifeng Automotive Seats (Fuzhou) Co., Ltd. (Jifeng Seats (Fuzhou)), recently received a designated email. Jifeng Seats (Fuzhou) has been appointed for the passenger car seat assembly project by a leading OEM (Customer), and will develop and produce complete vehicle seat assembly products for the customer. The project is expected to start mass production in June 2027, with a project lifecycle of 4 years and a total estimated amount of 2.12 billion yuan over the lifecycle. This new designated project reflects the customers trust in the companys capabilities and services demonstrated during the cooperation process, and is expected to enhance the companys revenue in the upcoming years.