Avionics Holdings actively expands into the automotive and AI server markets

Pengding Holdings is actively seizing the market demand for PCBs brought about by the rapid development of AI servers and smart cars. In the field of automotive product development, in the first half of 2024, the company's radar computing boards and autonomous driving domain control board products continued to grow in volume. The relevant products have cooperated with a number of domestic Tire1 manufacturers, and have obtained certification from international Tier1 customers. It is expected that mass production and shipment will begin in the second half of the year. In the server field, thanks to the significant growth in AI server shipments, Pengding Holdings' related business products grew significantly in the first half of 2024. The company actively seized the development opportunities in the AI ​​server market. On the one hand, it promoted the cooperation between the Huai'an Park and major domestic and foreign server manufacturers. Currently, many new customers have entered the certification, testing and sample stages. On the other hand, with the direction of benchmarking the highest-level server products, it accelerated the construction progress of the Thailand Park. In the first half of 2024, the company's automotive and server products achieved sales revenue of 430 million yuan, a year-on-year increase of 94.31%.