Konghui Automotive Technology has made orderly layout to seize the air suspension market

Konghui Automotive Technology has successfully obtained the supply orders for electronically controlled suspension systems or air springs from many automakers, with 70,000 units to be delivered in 2022, more than 350,000 units expected to be delivered in 2023, and more than 1 million units expected to be delivered in 2024. The company has completed the construction of bases in Huzhou and Chongqing, and is preparing to build bases in Guangzhou and Wuhan, focusing on the assembly of air springs and shock absorbers and the production of CDCs. In terms of product planning, the company plans to launch three-chamber air springs in the second half of 2024. The company plans to enter the global automotive business from 2023 to 2025.