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Ltd. ("Jinfei Kaida") said in a research that the company will transfer the production capacity of electric wheel factory to Jiangxi considering the rich local aluminum resources and labor resources in Jiangxi. The future Jiangxi factory mainly focuses on the production of electric vehicle wheels, which is expected to be put into production at the end of this year.
In terms of new energy vehicles, today Fei Kaida has established stable cooperation with Evergrande Auto, BAIC New Energy, Zero Run Auto and Jiangling New Energy Vehicle, and the cooperation with Great Wall Ola New Energy Vehicle has successfully entered the product development stage. In addition, the new power car companies are in active development, and Ideal Auto and Xiaopeng Auto have passed the factory inspection and are waiting for the subsequent bidding of new model issuance.
In terms of overseas orders, as of June 2021, the order volume increased 105% year-on-year. In addition, the overall orders in motorcycle wheel market have been steadily increasing, with orders increasing by 20.5% compared to the same period last year, with large displacement motorcycle wheels increasing by 59%.
Jinfei Kaida is a production enterprise integrating the production and sales of aluminum alloy wheels and components for automobiles, motorcycles and electric vehicles, as well as the development and manufacture of mechanical molds. In the first half of this year, Jinfei Kaida's revenue was 1.737 billion yuan, an increase of 34.46% year-on-year, and net profit was 36.2812 million yuan, an increase of 28.27% year-on-year.
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