The demand for new energy vehicles has exceeded expectations. Do the company’s current production lines for auto parts match market demand?

Fulin Precision's answer: The company's Mianyang auto parts production base focuses on accelerating the construction of incremental parts production lines for new energy vehicles, as well as the integration and platform construction of intelligent thermal management modules and parts for new energy vehicles. Through technical transformation and expansion as well as continuous improvement of supporting facilities, the construction pattern and production line scale are becoming increasingly mature to meet the growing market demand for core parts of new energy vehicles. The annual production line of the vehicle-mounted electric drive reducer production line has been upgraded from 330,000 units/sets per year to 360,000 units/sets. The new reducer production line is under construction and commissioning. It is expected that the company's vehicle-mounted electric drive reducer will form an annual production capacity of 660,000 units/sets by the end of 2022. The intelligent electronic control production lines such as electronic water pumps and integrated modules have undergone technical transformation and expansion, and have formed a production capacity of 340,000 sets of precision parts for gearbox hydraulic control assemblies, 7 million gearbox solenoid valves per year, 600,000 sets/sets per year for electronic water pumps, 300,000 sets per year for electronic oil pumps, 2.5 million GDI pump shells per year, 400,000 sets of reducer gear shafts, and 180,000 sets per year for reducer shells. The above-mentioned related projects have all been put into mass production. The company will continue to increase the production capacity of electric drive reducers and thermal management systems in the new energy intelligent electric control business according to market and customer needs, and continuously improve its comprehensive competitiveness in the field of new energy incremental components.