On February 9, Ruisong Technology made an announcement stating that its holding subsidiary, Guangzhou Ruisong Beidou Automotive Equipment Co., Ltd., had recently been notified by Leapmotor's Jindong Branch that it had won the bid for the 'New Welding Production Line at Jindong Industrial Park and the Vehicle Model Introduction Project for Jindong Phase I and Phase II'. The total contract value of this project amounts to 230 million yuan (inclusive of taxes, with the exact figure to be finalized in the formal contract). This successful bid is anticipated to fuel the company's business growth and bolster its presence in the market. Should the project proceed without any hiccups, it is poised to yield a favorable influence on the company's operational performance.
