JiFeng Subsidiary Secures RMB 2.12 Billion Seat Program from Leading OEM

On the evening of August 13, Jifeng Automotive Components Co., Ltd. announced that its majority-owned subsidiary, Jifeng Automotive Seating (Fuzhou) Co., Ltd., had received a定点 notification from a leading automaker, securing a passenger vehicle seat assembly project. The subsidiary will be responsible for the development and production of the related products. Mass production is scheduled to commence in June 2027, with a product lifecycle of four years and an estimated total contract value of RMB 2.12 billion over the full cycle.