On the evening of January 10, Zhejiang Jingu Company Limited(002488) (002488. SZ) announced that the company recently received the selection notice of Camry model suppliers from GAC Toyota and became the wheel supplier of GAC Toyota Camry models (hybrid oil and electricity models and traditional oil vehicles). At the same time, Zhejiang Jingu Company Limited(002488) said that the company would complete mass production according to the requirements of GAC Toyota.
Previously Zhejiang Jingu Company Limited(002488) as a supplier of GAC Toyota, it mainly entered the leiling supporting project of GAC Toyota New Energy Vehicle in March 2021. The company was once again selected as the supplier of Camry, another important model of GAC Toyota, Zhejiang Jingu Company Limited(002488) said that this means that the company’s products have been fully recognized by GAC Toyota.
In addition, Zhejiang Jingu Company Limited(002488) in recent years, on the basis of steady development of the main industry of steel wheel, it has invested in the research and production of a new generation product – Avatar low carbon wheel. According to the announcement of Zhejiang Jingu Company Limited(002488) on January 4, 2022, the company received the project fixed-point notice from a large passenger car manufacturer in China, became the parts development and production supplier of the vehicle enterprise, and developed and produced “Avatar car wheels” to supply the vehicle enterprise.
Under the background of automobile lightweight and “double carbon”, Zhejiang Jingu Company Limited(002488) continues to promote the mass production of avatar low-carbon wheels. According to public information, the company signed agreements with the people’s Government of Yongning District, Nanning City, Guangxi Province and the Management Committee of Anhui Chaohu Economic Development Zone on November 15 and 17, 2021, respectively, to invest and build avatar low-carbon wheel bases in these two places.
(source: Securities Daily)
