Asia Pacific shares: received notification of appointment of new energy vehicles

AP Co., Ltd. announced that the company has recently received a designated notification from a major domestic automotive group to provide integrated brake control module products for a new energy vehicle model of the client. According to the client's plan, the project has a 4-year lifecycle and is expected to start mass production in the first quarter of 2026, with a total sales amount of approximately 200 million yuan throughout the lifecycle. The designation of the project signifies that the company's electronic product development capabilities and quality brand have been recognized, which is conducive to expanding into the new energy vehicle market. However, there is uncertainty in the mass production timeline, and the actual supply quantity may be affected by various factors.