Songyuan released a safety announcement, revealing that its wholly-owned subsidiary, Anhui Songyuan, has recently inked a Supply Agreement with a renowned European automaker. This deal grants Songyuan the contract for the specialized X project from Customer S. Under this agreement, Songyuan will be responsible for supplying steering wheels and airbags for the project in Europe. The project is set to span a period of 7 years, with an anticipated sales volume reaching approximately RMB 691 million.