Baofu Electronics expects production to exceed 60 million TPMS transmitters in 2024

Baofu Electronics, a joint venture between Baolong Technology and Germany's Hof Group, expects to produce more than 60 million TPMS transmitters annually by 2024. The company divides its business into three parts: overseas market OEM business, Chinese market OEM business and overall after-sales business. The revenue of these three businesses exceeded expectations in the first three quarters of this year.