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Ningbo Shuanglin Auto Parts (300100.SZ) plans to reduce its transmission business.
On August 8, 2024, Ningbo Shuanglin Auto Parts (300100.SZ) received inquiries from specific parties on the future handling plan for the automatic transmission sector. The company responded that, because the transmission business is not in line with the development direction of new energy autos, the company plans to reduce the business of this sector and stop new investment plans and new project development; already mass-produced projects will gradually reach end-of-production (EOP) based on customer orders and will also be gradually shut down.
Ningbo Shuanglin Auto Parts (300100.SZ): In the first half of the year, the new energy electric machine business achieved revenue of 0.227 billion yuan, an increase of 266.09% year-on-year.
On August 8th, 2024, Ningbo Shuanglin Auto Parts (300100.SZ) accepted specific inquiries regarding the current situation of the new energy electric driving sector. The company responded that benefiting from the gradual mass production of the 180-flat wire electric machine three-in-one platform, the company's new energy electric driving factory has been profitable since the fourth quarter of 2023, and realized revenue from new energy electric machine business of 0.227 billion yuan in the first half of 2024, a year-on-year increase of 266.09%. Since 2024, the company has obtained the Beiqi Foton electric machine project, the Wuling commercial vehicle electric control bridge project, and actively cooperated with GAC, Leapmotor, and QI.
Ningbo Shuanglin Auto Parts (300100.SZ): The development of the 220 platform electric machine is currently in progress and is expected to start production in 2025.
On August 8th, 2024, Ningbo Shuanglin Auto Parts (300100.SZ) accepted specific object research, on the "company's flat wire electric machine project research and development progress and expectations?", the company replied that in September 2023, the company's 180 flat wire electric machine three-in-one bridge platform began to achieve mass production gradually, mainly supporting the Wuling Binge fruit series models, with a monthly output of about 10,000 units. The 220 platform electric machine is currently under development and is expected to be put into production in 2025.
Ningbo Shuanglin Auto Parts (300100.SZ): The main customers of car rims and bearing front loading market are Changan, Nissan, Geely, etc.
On August 8, 2024, Ningbo Shuanglin Auto Parts (300100.SZ) accepted a specific research on the major customers and revenue level of the company's car rim bearing front-loading market and domestic peer companies. The company responded that the major customers of the company's car rim bearing front-loading market are Changan, Nissan, Geely, and others. In the first half of 2024, the company's car rim bearing business achieved revenue of 0.602 billion yuan, an increase of 7.34% year-on-year. Among them, the domestic business revenue was 0.469 billion yuan, a year-on-year increase of 28.66%. The main peer companies in this business are Wanxiang Qianchao and others.
Ningbo Shuanglin Auto Parts (300100.SZ): The Thai factory is expected to obtain ISO14001/45001 and IATF16949 system certification by November 2024.
On August 8th, 2024, Ningbo Shuanglin Auto Parts (300100.SZ) accepted research from specific parties about the progress of their new overseas factory in Thailand. The company responded that they have invested in a new Thailanese factory and have begun overseas expansion. The company has set up three high-end car rim bearing production lines, achieving localized production for the entire process. The factory began producing in small batches in May 2024. Currently, the products from the Thai factory have obtained origin certification from the US Customs and e-Ruling certification, and some products have obtained Thailand origin certification. The Thai factory is expected to be completed before November 2024.
Ningbo Shuanglin Auto Parts: Half-year report for the year 2024.
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