Jingu Corporation: Received designated notification from leading global automotive companies in the United States for automotive wheel products.

date
21/05/2025
Jingu shares announced that the company has received a designated notification letter from a leading global automotive company to develop wheel products for its US-made passenger cars. The project has a lifecycle of 10 years and is expected to begin mass production in 2026, with estimated sales of approximately $158 million in the first five years. This is the company's second OE project for passenger cars in the United States, with previous entry into the customer's global supply chain system and bulk supply. The project is planned to start mass production in the second half of next year, and is expected to have no significant impact on this year's revenue and profit levels. However, the designated notification does not reflect the actual purchase quantity, and there is uncertainty about the sales amount. The mass production time and actual supply quantity are affected by various factors.