Nanjing Chervon Auto Precision Technology (SHA:603982) received two orders from a domestic company and European brand amounting to 632 million yuan, according to a Tuesday disclosure on the Shanghai Stock Exchange.
The Chinese auto parts manufacturer said it will provide power supply boxes to a local new energy vehicle parts company for 446 million yuan. The equipment will be used in global new energy platform models of a well-known European automobile brand for four years, with production to start in 2025.
Separately, a European vehicle manufacturer selected Chervon Auto Precision as its inverter housing supplier for another four-year project. The total sales of the equipment is expected to generate 186 million yuan, with production to start in 2026.
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