Ningbo Shenglong Automotive Powertrain System (603178.SH) signed a product development agreement with Fuyao Glass Industry Group.
20/01/2025
GMT Eight
Announcement from Ningbo Shenglong Automotive Powertrain System (603178.SH): the company has recently signed a "Product Development Agreement" with Fuyao Glass Industry Group, selecting the company as its exclusive supplier for axle drive motor assembly and controller, for industrialized production. According to the customer's plan, the project lifecycle is 5 years, with mass production expected to begin by 2025, achieving a sales revenue of approximately 800 million yuan throughout the lifecycle.