Huada Auto Tech secures new auto parts project designations

Huada Automotive Technology Corp. (SSE:603358) announced it has received project designations from 16 domestic customers for 33 vehicle body component projects, including side wall assemblies and longitudinal beams. Two of these customers are new for the company. The total sales revenue over the project lifecycles is estimated at CNY3.2 billion, with CNY2.6 billion attributed to 24 new energy vehicle-related projects. Production for these components is scheduled to commence in the second quarter of 2025.