Baolong Technology's air suspension business is growing rapidly, but market competition is intensifying

Baolong Technology's air suspension business achieved revenue of 700 million yuan in 2023, a year-on-year increase of 174.75%. However, Hefei Baolong's revenue in the first half of this year showed a slight decline compared with the second half of 2023. This may be related to the sharp decline in the growth rate of domestic passenger car air suspension installations in the first half of this year.