Fuyao Group (600742.SH) has been awarded a designated joint venture and independent brand customer seat project.

Wisdom Financial News App reported that Fuwei Group (600742.SH) has announced that its subsidiary, Changchun Fuwei Group Automotive Parts Co., Ltd., recently received designated notification letters from a well-known joint venture brand and a well-known independent brand (their names cannot be disclosed due to confidentiality requirements). The company will serve as a supplier of automotive parts for the customers, developing seat products for their vehicle models, and completing the product development work as required.