Huayang Transmission's first half performance report: New energy vehicle parts business revenue doubled

Hubei Huayang Automotive Transmission System Co., Ltd. (hereinafter referred to as Huayang Transmission) revealed in its first half performance report this year that it has successfully developed 9 new products, of which some new energy and passenger car products have been mass-produced. With the increase in orders, these new products are expected to become a new growth point for the company's operating business income and have a positive impact on the company's overall operating conditions. In the first half of the year, Huayang Transmission increased its investment, introduced large-tonnage die-casting machines and implemented die-casting unit automation, and also purchased high-end machining center equipment to expand the production capacity of new energy products.