On September 3, reports indicated that Fenghua Advanced Technology, at a recent securities firm strategy meeting, disclosed its ongoing efforts to bolster market development within the automotive electronics sector in recent years. This strategic move has resulted in a consistent uptick in the revenue proportion derived from related businesses.
Presently, all of the company's primary products have successfully obtained AEC-Q200 and IATF16949 automotive system certifications. The application scope of its automotive-grade products has broadened from in-car peripherals to encompass core vehicle systems, including electric drives, BMS (Battery Management System), OBC (On-Board Charger), and electronic control systems.
The company has introduced dozens of automotive-grade passive component products. Alongside this, there has been a steady increase in automotive material specifications, a continuous enhancement of delivery capabilities, and an expanding customer base that includes downstream vehicle manufacturers and Tier 1 clients.
