Jifeng Shares (603997.SH) subsidiary secures nomination for passenger vehicle seat assembly project, with estimated total lifecycle value of RMB 1.18 billion.

Zhitong Finance APP News, Jifeng Co., Ltd. (603997.SH) announced that its wholly-owned subsidiary Jifeng Seating (Hefei) recently received a "Nomination Letter" from a customer. Jifeng Seating (Hefei) has been nominated for a complete seat assembly project by a new energy vehicle OEM (name cannot be disclosed due to a confidentiality agreement), and will develop and produce complete vehicle seat assembly products for the customer. According to the customer's plan, the project is expected to start mass production in August 2027, with a project lifecycle of 2.3 years and an estimated total lifecycle value of RMB 1.18 billion.