Asia
Ningbo Jifeng Auto Parts Thai Unit Secures VinFast Seat Assembly Deal
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.
SHA:603997
