Joyson subsidiary wins significant smart electrification projects worth RMB50 bn

Ningbo Joyson Electronic Corp announced that its subsidiary has secured new project designations from an undisclosed client for a range of automotive smart electrification products. These products include intelligent assisted driving domain controllers and smart cockpit multi-screen systems. Production is slated to commence in late 2026.

The total order value for these projects throughout their lifecycle is estimated to be approximately RMB50 billion. This strategic win is expected to significantly bolster the company's annual business revenue in future years, although it is not anticipated to have a major impact on the current year's operating performance.

The announcement highlights Joyson's sustained efforts in smart driving, smart cockpits, and new energy management. The project designations underscore the market's recognition of the company's new technologies and products in these specialized sectors. However, the final sales amount will depend on actual order settlement, and potential risks like production delays or cancellations due to unforeseen circumstances remain.