2 stories mentioning SHA:600742Updated 38d ago
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Changchun FAWAY Automobile Components (SHA:600742) completed its 150-million-yuan capital increase in Qiyi Technology (Shenzhen), according to a Tuesday disclosure to the Shanghai bourse.The capital increase will help develop new quality productivity and will improve strategies in new intelligent mobility equipment, the automotive parts maker said in its filing.
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.
