Kaizhong Precision was designated as a new energy project project by a European automaker

Kaizhong Precision announced on the evening of September 18 that it had received a project designation notice from a well-known European automobile manufacturer, and will provide it with precision connector products for new energy vehicles, which will be used in core modules such as power batteries, drive motors and relays. It is expected that the sales of the project will reach approximately RMB 460 million during its life cycle, and mass production is planned to start in 2025.