Huapei Power (603121.SH) received a letter of intent for a designated project from a passenger car company.

The Smart Financial News App reports that Huapei Power (603121.SH) announced that the company recently received a project appointment letter from a domestic passenger car company, with the appointed product being the company's PTC water heater product. According to the customer's plan, the project's lifecycle is expected to be 5 years, with mass production scheduled to begin in 2026. The total sales amount during the lifecycle is estimated to be approximately 90 million yuan.