FAW Faway has recently announced the receipt of a designated supplier notification from a leading OEM in the new energy vehicle industry. This landmark achievement positions FAW Faway as a key supplier for the development of exterior trim components for new energy vehicle models. The project is anticipated to commence mass production in March 2026, with an estimated total sales revenue of RMB 800 million over its lifespan. This strategic partnership is expected to bolster FAW Faway's technological collaboration and innovation capabilities, as well as strengthen its cost control competitiveness. Despite this, the project is not anticipated to have a material impact on the company's performance in the current fiscal year. It is important to note that the project is subject to potential risks, including delays, modifications, suspension, or even termination.
