Reported about 1 year ago
Dongyang, a leading automotive parts manufacturer, reported a 0.36% year-on-year growth in June revenue, reaching 19.34 billion NT dollars, mainly due to shipping delays caused by a lack of cargo space and containers. Despite the challenges in the shipping industry, Dongyang remains optimistic about the second half of the year. The company's revenue for the first half of the year increased by 10.86% annually, with a strong demand in the aftermarket (AM) automotive parts market contributing significantly. Dongyang is also focused on expanding its production capacity to meet the growing demand for electric vehicle components, with plans to increase the share of electric vehicle shipments in its OEM business to over 25% next year.
Source: YAHOO