Ningbo Tuopu's Revenue Likely Supported by Domestic OEMs -- Market Talk

Dow Jones07-28

0441 GMT - Auto parts supplier Ningbo Tuopu's revenue is likely to deliver a 14% compound annual growth rate over FY 2024-FY 2027, backed by growing contributions from domestic original equipment manufacturers and its robotics business, Nomura analysts say. The Chinese company broadened its product offerings to include high-content-value components such as air suspension systems and thermal management systems. It has also strengthened partnerships with key NEV firms, including AITO and Xiaomi, which are likely to drive long-term revenue growth and offset lackluster shipments from Tesla. Tuopu's growing robotics business also complements its automobile components division, they say in a note. Nomura starts Tuopu at a buy rating and target of CNY55.00. Shares are 1.2% higher at CNY47.74. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 28, 2025 00:41 ET (04:41 GMT)

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The Chinese company broadened its product offerings to include high-content-value components such as air suspension systems and thermal management systems. It has also strengthened partnerships with key NEV firms, including AITO and Xiaomi, which are likely to drive long-term revenue growth and offset lackluster shipments from <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>. Tuopu's growing robotics business also complements its automobile components division, they say in a note. Nomura starts Tuopu at a buy rating and target of CNY55.00. Shares are 1.2% higher at CNY47.74. 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