Huada Automotive Technology Corp., Ltd. (603358.SH) signed a strategic cooperation framework agreement with Feilong Auto Components.

Huada Automotive Technology Corp., Ltd (603358.SH) announced that with the rapid growth of demand for new energy vehicles and AI computing power, and the accelerated iteration of thermal control technology, in order to further enhance the strategic position of the company's new energy vehicle components business and deepen the company's new energy industry chain layout, the company has entered into a strategic cooperation with Feilong Auto Components Co., Ltd ("Feilong Auto Components"), in response to the increasingly changing and rapidly growing customer and market demands. The company recently signed a "Strategic Cooperation Framework Agreement" with Feilong Auto Components. In this cooperation, Party A has strong R&D capabilities and customer base in the field of new energy thermal management components, while Party B has strong technical, delivery, and marketing capabilities in stamping, profiles, and die casting. Both parties will fully leverage their respective strengths, focusing on new energy vehicles, energy storage, and data center thermal management fields, jointly undertaking the research, production, and sales of core components, assemblies, and integrated solutions, forming integrated advantages and complementarity to achieve mutual benefit and win-win results. If necessary, they will jointly invest to expand market share, achieve synergistic development, and respond to the increasingly changing and rapidly growing customer and market demands.