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Xusheng Group received a letter of nomination worth CNY 7.8 billion (USD 1.1 billion) from a North American new energy vehicle manufacturer to supply powertrain components, body parts, subframes and battery housings. Mass production is expected to start at the end of 2026.
“Xusheng Group climbed today after the Chinese maker of aluminum alloy auto components said it has bagged a letter of nomination worth CNY7.8 billion (USD1.1 billion) from a North American new energy vehicle manufacturer.”yicaiglobal.com
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