China’s Jifeng Lands USD1.4 Billion Seat Order From Overseas Luxury Carmaker
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Jifeng Auto Parts secured a USD1.4 billion deal to supply seats to a European luxury automaker, marking its second major agreement with a top-tier European carmaker in 20 months. The seats will be supplied from 2028 for eight and a half years. This order highlights Jifeng's global expansion and is expected to positively impact its financial performance. Jifeng's shares closed 0.9% lower in Shanghai.
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