According to the Financial AI Telegraph report, Southern Precision stated in its latest investor relations activity record that it currently does not have any business cooperation relationship with Tesla, and the company’s existing factory buildings are sufficient to meet current business and development needs. The ball screw produsts developed by Southern Precision is mainly widely used in automobile brake-by-wire systems. The project has reached production in 2023 and successfully formed sales. Southern Precision's holding subsidiary Southern Yongning New Energy Automobile Bearing (Zhejiang) Co., Ltd. has been put into production in the first quarter of 2024.
In addition, Shanghai Zhencheng Microelectronics Technology Co., Ltd., another holding subsidiary of Southern Precision, is mainly engaged in the research and development and design of integrated circuits. Its products are widely used in consumer electronics such as TWS headsets, smart home appliances, health and medical supplies, and new energy vehicles. chip market. In the future, Southern Precision will continue to promote the research and development and investment of related chip products according to the company's strategic layout.
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