Jifeng shares achieved a breakthrough in intelligent electric business, and there is broad space for domestic seat substitution

Jifeng has made important breakthroughs in the field of smart electric vehicles and has successfully obtained seat assembly projects from three new energy OEMs, achieving a breakthrough from 0 to 1 and rapid expansion. From May to December 2023, the company delivered a total of 65,000 sets of passenger car seats, achieving revenue of 655 million yuan. In the first half of 2024, a total of 89,000 sets were delivered, achieving operating income of 897 million yuan.