The 1.2 million automotive wheel hub project of Fei Kaida has started trial operation.

Zhejiang Jinfei Kaida Wheel Hub Co., Ltd. announced that in January 2024, it agreed to invest in the construction of a 1.2 million pieces per year automobile aluminum alloy wheel project by its wholly-owned subsidiary Anhui Jinfei Investment. The total planned investment is approximately 312,460,500 yuan, with a construction period of about 2 years. As of September 24, 2025, the project has completed the main construction and equipment installation, and has entered the trial operation phase with basically normal results. This project is close to the market layout, able to reduce supply radius and respond to demand quickly.Company uses this project for digital transformation, creating an intelligent factory system, and improving middle to high-end production capacity. However, due to market supply and demand changes, fluctuations in raw material and product prices, the economic benefits of the project are uncertain, and the company reminds investors to pay attention to the risks.