Can the company's shock absorber products be used on new energy vehicles? I read the company's prospectus and it seems that shock absorbers are used on engines. Electric vehicles do not have engines. Does this mean that these shock absorber products will have no market in the future?

2022-05-30 14:01
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Top Group: Hello! The company's shock absorber products are not only used in fuel vehicles, but also widely used in pure electric vehicles. In addition to being used in power systems, they are also used in suspension systems, transmission systems, etc. According to the data disclosed in the company's annual report, the sales revenue of shock absorbers in the past three years (2019-2021) was 2.34 billion, 2.56 billion, and 3.35 billion yuan, respectively, still maintaining a high growth rate. Shock absorbers still have good market prospects in the electric vehicle market. Thank you!