Fuwei Shares Secures RMB 7.6B Seat Project; Mass Production to Begin in 2027

On the evening of May 7, FAWAY Automotive Components Co., Ltd. announced that it recently received three定点 notifications from two well-known joint-venture automakers. The company will serve as a component supplier for these customers, developing seat products for their relevant vehicle models and completing the required product development work. The total value of the project amounts to RMB 7.6 billion, with mass production and delivery scheduled to commence in 2027.