Changhua Holding Group (605018.SH) investor relations activity records for October 18th show that a leading international electric vehicle company will become one of the company's top five customers in 2023 (its name cannot be disclosed due to confidentiality agreements). The company originally mainly supplied fasteners, but as the cooperation deepened, the company has been increasing the supply of metal structural components in both variety and quantity. In addition to fasteners, this time the range of welding parts has been expanded, and the current cooperation between the two parties is stable.
According to customer planning, there are a total of 37 designated projects, including 7 welding parts and 30 fasteners, with a lifespan of 5 years. The total sales amount of the lifespan is approximately RMB 0.195 billion. The designated projects are expected to start production gradually in the third quarter of 2025. The overall business volume is showing an upward trend, continuously injecting new momentum into the company's future development.