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Ningbo Jifeng Auto Parts Thai Unit Secures VinFast Seat Assembly Deal

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Ningbo Jifeng Auto Parts (SHA:603997) said its Thai unit won fixed-point contracts from VinFast Trading and Production to supply complete seat assemblies for two luxury passenger vehicle models.

The contracts have a combined estimated life cycle value of 270 million yuan, according to a weekend filing with the Shanghai bourse.

Production is expected to begin in August and September 2027 and continue for four years.

Shares of the automotive interior parts manufacturer were down nearly 1% in recent trade.

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