Joint venture with foreign manufacturers De Run Electronics to enter the high-end automotive wiring harness products

De Run Electronics began to enter the vehicle wiring harness for high-end auto brands, and its product structure is facing strategic adjustment. On January 10th, Delong Electronics signed a signing ceremony with German Kromberg & Schubert Group. Both parties jointly invested 10 million euros to establish Shenzhen Gaorun Technology Co., Ltd. to provide vehicle wiring harness for FAW-VW Audi. It is expected to be officially put into operation at the end of 2012, which will result in Electronics has new profit growth poles.

Derun Electronics focuses on the field of electronic connectors. In recent years, certain achievements have been made in high-end applications such as computer connectors, automotive connectors and wiring harnesses. Derun Electronics Chairman Qiu Jianmin stated that the market has a growing demand for automotive connectors. The cooperation with Germany will have great strategic significance for the adjustment of the company's product structure. DeRun Electronics will make full use of the advantages of localization and make it high. RunTech became one of the largest Wire Harness suppliers for Audi in Mainland China. A representative of Audi China also stated that the German Kromberg & Schubert Group is a partner of Audi for many years and has been providing wiring harness products for the Audi A3. Cooperation with De Run Electronics is a powerful joint venture. According to reports, the joint venture company will start production of the Audi A3 full-vehicle wiring harness at the end of 2012. De Run Electronics has further room for improvement in addition to its home appliance connector business. Stimulated by this good news, De Run Electronics gained 9.58% on January 10.