Yongding shares won the 1.32 billion new energy vehicle wiring harness fixed-point project

Recently, Jiangsu Yongding shares of Jinting wiring harness company received a domestic head of new energy vehicle enterprise vehicle wiring harness fixed-point notice, mainly to provide vehicle low-voltage wiring harness products, the full life cycle sales of about 1.32 billion yuan. In the past two months, the cumulative amount of fixed-point notices for vehicle wiring harness projects is about 5.3 billion yuan, of which the amount of new energy vehicle fixed-point projects accounts for more than 50%.

Benefiting from the gradual increase in the penetration rate of new energy vehicles, the company keeps pace with the times, quickly adjusts its business strategy, and vigorously expands new energy vehicle customers. At present, in addition to traditional fuel car companies such as SAIC Volkswagen, SAIC GM, Cummins, Volvo and other car companies, the company's new energy car customers include new car-making forces such as BYD, Huawei, Weilai, Xiaopeng and Ideal.

The acquisition of this project will further enhance the company's market share in the domestic automotive wiring harness business. In the future, the company will continue to expand its domestic market share and develop more new energy automotive wiring harness projects to meet market demand. At the same time, we will continue to improve our professional technical capabilities such as independent research and development and design, optimize production costs and efficiency, improve quality and control costs, support the company's auto parts business sector to become bigger and stronger, and become a mainstream enterprise in the industry. The performance of this batch of project contracts is expected to have a positive impact on the company's future operating performance and help improve the company's overall profitability.

It was learned from the China Association of Automobile Manufacturers that from January to November 2022, my country's automobile production and sales reached 24.628 million and 24.302 million respectively, an increase of 6.1 and 3.3 percent year-on-year. Among them, the production and sales of passenger cars reached 21.702 million and 21.292 million respectively, up 14.7 and 11.5 respectively.

From January to November, the production and sales of new energy vehicles were 6.253 million and 6.067 million respectively, doubling year-on-year, with a market share of 25%. After years of continuous efforts, the technical level of China's new energy automobile industry has been significantly improved, the industrial system has been increasingly improved, and the competitiveness of enterprises has been greatly enhanced. The industry has entered a new stage of superimposed convergence and integrated development. The rapid increase in the penetration rate of domestic new energy vehicles, the future market space is huge.

With the rapid rise of the domestic new energy automobile industry, the growth rate of the company's related orders has been rapidly increased, and the new energy automobile wiring harness business will also become the company's new growth highlight. The company will comply with the market, actively expand new customers, and maintain the rapid advancement of new energy automotive wiring harness business.