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FAWAY Automobile Components Expects Up to 7.6 Billion Yuan Revenue from Vehicle Seat Orders; Shares Up 3%

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-- Changchun FAWAY Automobile Components (SHA:600742) expects to generate sales revenue totaling 7.6 billion yuan from vehicle seat orders from two joint-venture automobile manufacturers, according to a Shanghai bourse filing on Friday.

The company will produce seat products for the clients' vehicle models, with mass production for the products expected in June 2027, July 2027 and November 2027.

The estimated project lifecycle is eight years.

The automobile parts manufacturer's shares rose less than 3% during the midday trade.

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