Redick accelerates capacity expansion, benefiting from the trend of domestic substitution of wheel hub bearings

Redick is accelerating capacity expansion to meet growing market demand. The company's first factory is already fully operational, with a capacity of approximately 500 million, and mainly undertakes high-end after-sales orders from overseas. The second factory in Hangzhou Ward was fully operational in 2019 and is currently gradually increasing capacity based on customer demand. The third factory is expected to be completed and put into production by the end of 2024.