In a recent institutional research update, Jinfei Kaida revealed that its Thai subsidiary, Watson Manufacturing, has secured an ample order backlog and acquired the rights to develop an array of new products from a prominent OEM in the new energy sector. The company emphasized the substantial growth potential in car ownership across Southeast Asia, where Chinese automotive brands have established themselves as highly competitive players in the local market. The presence of automakers such as Chang'an, Great Wall, BYD, and others in Thailand has significantly bolstered the demand for wheel hubs. Jinfei Kaida intends to leverage its existing customer base to expedite the production of these new projects.
