Dechang shares brake motor fixed point Tongyu Automobile

Dechang shares' brake motors are destined for Tongyu Automobile, which is expected to become another incremental product besides EPS motors. According to the announcement, the company's designated project with Tongyu Automobile is a certain type of brake motor, with an estimated sales amount of RMB 780 million. The contract performance period is from December 2023 to June 2031, and mass production is expected to start in December 2023.