Automotive, Consumer Staples Sep 08, 2021 10:32 AM (GMT+8) · EqualOcean
Financial Associated Press, September 8 (Xinhua) the auto airbag gas generating parts of Wuzhou Spring Festival have been equipped with Autoliv, Junsheng electronics, Tesla, BYD, Weilai and other auto enterprises. Zhang Feng, chairman of the company, said that the revenue is expected to be 100 million yuan in 2021, and the target is to increase to 500 million yuan by 2024. At the same time, benefiting from the improvement of product yield and scale effect, the gross profit margin will increase to more than 20% by the end of this year.