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Shares of Ningbo Joyson Electronics hit the daily trading limit after announcing they secured orders totaling CNY15 billion (approximately USD2.1 billion) from two leading international automakers. As of midday in Shanghai, the company was trading 10% higher at CNY30.48 (around USD4.28).
The company plans to develop a range of automotive smart components for these clients, intended for their global vehicle lines, with mass production expected to begin in 2027. The specific clients have not been disclosed due to confidentiality agreements.
The smart automotive components in development include central computing units, modules integrating advanced driving systems, connectivity enhancements, and intelligent cockpit features, along with connected vehicle products. The duration of these projects has not been revealed.
This development confirms that Joyson’s advancements in automotive intelligent technology, product quality, performance, and tailored solutions for major international automotive markets are gaining recognition among top-tier customers.
As vehicles continue to evolve towards greater intelligence, this is expected to facilitate expansion into global markets with related products, ultimately enhancing the company’s revenue in the upcoming years.
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