Hongwei Technology has announced that its subsidiary, Changzhou Xin Nengdong Semiconductor Co., Ltd., has been designated as the supplier for a SiC MOSFET device project by a prominent domestic new energy vehicle company. While this designation marks a significant milestone, it is important to clarify that it does not constitute a binding order. As of now, the two parties have yet to finalize a formal sales contract, and the timing of contract signing and execution remains uncertain. The definitive project scope, total value, and performance terms will be outlined in the forthcoming formal contract.
