Haoen Auto - Electric (301488.SZ) has made an announcement stating that it has obtained a designation notice from an international auto brand for its visual perception and panoramic camera system products. The project is anticipated to span a cycle of 2 to 5 years. Over the entire product lifecycle, the estimated total turnover is projected to reach around RMB 387 million. Mass production is slated to kick off in a phased manner, starting from January 2026.

This particular customer holds a significant position as a strategic partner for Haoen Auto - Electric. The issuance of this designation is a testament to the customer's acknowledgment of various aspects of Haoen Auto - Electric, including its technological prowess and product quality. This recognition is set to play a pivotal role in boosting Haoen Auto - Electric's market share and enhancing its reputation. Moreover, it will serve as a strong support for the company's strategic planning in the intelligent driving market.

However, it's important to note that the designation notice does not equate to an actual order. The specific revenue generated will be contingent upon the actual orders received. Consequently, it will not have an impact on the company's performance in the current year. Furthermore, there are inherent uncertainties surrounding the customer's production plans and procurement requirements. As a result, the collaboration may not necessarily live up to the initial expectations.