Shengli Precision expands auto parts business

Shengli Precision announced that while ensuring the stable development of its traditional precision business, it will focus on the automotive parts business, mainly providing central control display screens and lightweight magnesium alloy bracket structural parts for new energy vehicles and traditional car manufacturers. At present, its main customers include well-known domestic and foreign automotive first-tier suppliers and LCD display manufacturers. With the continuous expansion of the automotive parts business and the mass production and delivery of designated projects, the annual revenue growth rate of this business segment is expected to reach 20-30% in the next few years.