Jingu Shares Secures Multiple OEM Orders in H1 2026 as Avanta Low-Carbon Wheels Ramp Up Production

In the first half of 2026, Jingu Corporation repeatedly announced it had received定点 notifications (nomination letters) from multiple OEMs, covering various vehicle models including passenger cars, light-duty trucks, and heavy-duty trucks, with mass production scheduled through the end of the year. Since April, the company has issued nomination updates nearly every month: on April 28, it secured a nomination for a passenger car project from a leading new energy vehicle (NEV) manufacturer, with mass production expected in August; on May 6, it won a nomination for a European heavy-duty truck project from an international OEM; on May 7, it received another heavy-duty truck nomination from a domestic OEM; and on May 26 and 29, it obtained additional nominations for passenger car and light-duty truck projects, respectively. Notably, the same leading NEV manufacturer has awarded Jingu over ten passenger car wheel projects to date. All these nominations center around Jingu’s “Avatar Low-Carbon Wheel” product. This wheel utilizes “Avatar Niobium Microalloy,” a proprietary material developed in-house by Jingu, achieving a tensile strength of up to 2,000 MPa. The technology enables “steel replacing aluminum”—delivering weight comparable to or even lighter than aluminum wheels while offering significantly lower raw material costs and carbon emissions. This approach aligns well with automakers’ current priorities of cost reduction and extending range for electric vehicles. In 2025, Avatar wheel sales and production thrived, becoming the core driver of the company’s revenue growth. Several traditional wheel production lines were already converted into dedicated Avatar lines. That year, Jingu reported revenue of RMB 3.829 billion, up 14.02% year-over-year, and net profit attributable to shareholders of RMB 415.639 million, surging 79.29% year-over-year. In Q1 2026, net profit reached RMB 232.059 million, a 199.86% year-over-year increase—significantly outpacing revenue growth and reflecting the rapidly rising share of high-margin Avatar products in the company’s portfolio. Beyond wheels, Jingu is actively transforming from a “component supplier” into a “new materials technology platform.” The company has assembled dedicated teams to advance application validation and industrialization of its Avatar niobium microalloy in emerging fields such as embodied AI and smart short-distance mobility. As nominated projects enter mass production, Jingu now faces challenges in ensuring stable capacity ramp-up and consistent quality at scale. Meanwhile, competing lightweight materials like carbon fiber and magnesium alloys are vying for technological dominance, requiring continuous iteration of the Avatar wheel to maintain its cost-performance advantage.