# Dongfang Precision to supply Foton Motor with 5,500 power systems worth CNY950 million

Beijing Pride Power System Technology, a subsidiary of Guangdong Dongfang Precision Science and Technology, signed a contract to supply Beiqi Foton Motor with 5,500 power systems worth CNY950 million (USD140 million) for use in 3,000 passenger cars and 2,500 logistics vehicles.

- Type: Contract
- Announced: 2017-07-17
- Where: China
- Value: $140.0M (950.0M CNY)
- Status: announced
- Products: power systems for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Guangdong Dongfang Precision Science and Technology](https://endata.com/companies/25642.md)
- [Beiqi Foton Motor](https://endata.com/companies/16337.md) (customer)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/foton-motor-looks-to-spend-usd140-million-on-dongfang-precision-battery-systems), 2017-07-17: "Beijing Pride Power System Technology Co. will sell the systems to Beiqi Foton Motor Co., Dongfang said today."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.