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On November 4, Sinomach Automobile made an announcement stating that its wholly-owned subsidiary, China Automotive Industry Engineering Co., Ltd., had been issued a 'Letter of Acceptance' by Chongqing Fuxin Digital & Intelligent Technology Co., Ltd. on November 3. This letter formally confirmed that China Automotive Industry Engineering Co., Ltd. had won the bid for the general contracting of the Fuling High-Tech Zone New Energy Vehicle Lightweight Parts Factory and Intelligent Production Line Project (Phase I), with a contract value amounting to 809 million yuan. This project stands as a major EPC general contracting endeavor undertaken by China Automotive Industry Engineering Co., Ltd. in the southwestern Chongqing region. It is anticipated to yield a favorable influence on the company's operational performance.
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