FAWER Automotive Parts Ltd Co

The board of directors of Faway Automobile Parts and Components Company reviewed and approved four investment proposals, involving NIO aluminum profile control arms, fully active suspension, an electric drive assembly trial production line, and the establishment of a Jilin subsidiary. Among them, to ensure production capacity for the NIO Pisces aluminum profile control arm project, an additional 2026 investment budget of 6.3016 million yuan was approved; to develop the motor mechanical fully active suspension business, an additional investment budget of 4.36 million yuan was approved for research and development equipment procurement; to build an electric drive assembly research and development trial production line, an additional investment of 8.48 million yuan was approved to ensure sample delivery for the Jetta six-in-one electric drive assembly project; and the wholly owned subsidiary Fastener Germany Company plans to establish a wholly owned subsidiary in Jilin City with registered capital of 1 million yuan, to seize opportunities in the localization project for Mercedes-Benz China non-standard fasteners. The company stated that all the above investment funds come from its own capital, fall within the board's approval authority, do not need to be submitted to the shareholders' meeting for review, and do not constitute a related-party transaction or major asset restructuring. It also cautioned that project implementation may face risks such as changes in market demand and technological iteration.

FAWER Automotive Parts announced that in the second quarter of 2026, the company secured 67 new orders on a consolidated basis. Based on customer production plans, the total estimated lifetime revenue from these orders is 8.64 billion yuan. Among them, 30 orders came from outside traditional markets, accounting for 36.8% of order revenue, with an estimated lifetime revenue of 3.18 billion yuan. New energy vehicle orders accounted for 72.1% of the total.

FAWER Automotive Parts announced that in the second quarter of 2026, the company secured 67 new orders on a consolidated basis. Based on customer planned production volumes, the total estimated lifecycle revenue from these orders is 8.64 billion yuan. Among them, 30 orders came from outside traditional markets, accounting for 36.8% of order revenue, with an estimated lifecycle revenue of 3.18 billion yuan. New energy vehicle orders accounted for 72.1%. The company won a steer-by-wire order from Hongqi for new energy vehicles, achieved multiple breakthroughs with electronically controlled shock absorber products, building barriers in the high-end suspension segment, and also made significant breakthroughs in overseas markets, accelerating its layout in the high-end vehicle market abroad.