Haoneng Electric (301488.SZ) has received a designated letter of intent from a top new energy vehicle brand, with an estimated total revenue of about 470 million yuan.

The Zhitong Finance APP reported that Heoan Auto Electric (301488.SZ) announced that the company recently received a designated letter of intent from a leading new energy vehicle brand (specific name of the customer cannot be disclosed due to a confidentiality agreement). The letter of intent includes the purchase of panoramic visual perception systems, AK2 ultrasonic radar systems, DMS, and car-mounted video driving record systems. The project is expected to last 2-5 years with an estimated total revenue of approximately 470 million yuan within the project lifecycle. Mass production is expected to begin in December 2025. This customer has been an important strategic partner of the company with good business conditions and strong performance capabilities.