On November 7th, Wuxi Best Precision Machinery Co., Ltd. (“Best”) stated that in the core parts business of pure electric vehicles, the company has established a long-term relationship with many companies such as Tesla, a benchmark company in the field of new energy vehicles. Strategic cooperation, and further layout the research and development, manufacturing and sales of new energy vehicle structural parts through new production capacity. In addition, the company also unites the complementary advantages and synergy between the industrial chains of Suzhou Hebesi and Yitong Lightweight, which is the holding subsidiary, and makes full use of existing resources and platforms to expand new businesses on the basis of the original business.
Best’s main business is R&D, production and sales of various precision parts and fixtures. The company established a die-casting workshop in 2003 to invest in the development and research of aluminum alloy die-casting parts, which are mainly used in automobiles, communications, tools and other industries, forming a complete industrial chain with the company’s machining business. From January to September 2021, the company’s operating income was 777 million yuan, a year-on-year increase of 15.47%; net profit was 159 million yuan, a year-on-year increase of 28.24%.