Reported about 1 year ago
Benefiting from increased demand from car manufacturers, Precision (3162), a manufacturer of electric vehicle battery packs, reported a record high revenue of 356 million NTD in June, with a 12.5% monthly increase and a 42.7% annual increase. The company recently signed a long-term order with Changan Automobile, one of the top five car manufacturers in China, for 1 billion RMB over seven years, with deliveries expected to start in 2026. Additionally, negotiations are in the final stage for an order from a well-known Swedish car manufacturer. With the new orders totaling over 1.7 billion RMB in the first half of the year, Precision foresees better revenue performance in the second half due to strong shipments and traditional peak seasons. Winning these new orders not only secures future revenue growth but also solidifies the company's reputation for quality products, competitive pricing, and delivery capabilities, positioning it to become a top supplier in the industry.
Source: YAHOO