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On September 22, Tiancheng Automotive issued a public announcement stating that it had recently been awarded a designation notice for a passenger seat assembly project by a premier domestic new energy vehicle manufacturer. The project is slated to kick off mass production in June 2026, spanning a three-year project cycle, and is projected to cater to a total of 540,000 passenger vehicles. This partnership is poised to fortify and elevate the company's standing in the passenger vehicle market, while also bolstering its market share in the passenger seat segment. Nevertheless, it's important to note that the project has not yet translated into significant orders, and the precise timing and volume of supplies will hinge on the formal supply agreement, thus introducing an element of uncertainty.
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