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During a performance presentation meeting on May 7, Pan Longquan, Chairman of Chervon Automobile, disclosed that several production lines at its subsidiary, Chervon Europe, will commence mass production for North American Original Equipment Manufacturers (OEMs) in the latter half of 2024. Furthermore, the subsidiary has been continuously securing new projects. At present, the company's exports to the United States contribute less than 2% to its overall revenue, mitigating the impact of tariff policies. As Chervon Automobile transitions towards new energy ventures, it anticipates continued revenue growth from its new energy businesses, centered around electric components and intelligent driving systems. Additionally, the company plans to actively explore and venture into new business domains.
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