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Sanhua Auto Parts, a unit of Sanhua Intelligent Controls, signed a long-term contract to supply electronic water pumps to General Motors. The deal is expected to generate CNY 1 billion (USD 140 million) in revenue over five years, with pumps hitting the market in 2022.
“The agreement between GM and Sanhua subsidiary Sanhua Auto Parts could generate CNY1 billion (USD140 million) in revenue over the next five years.”yicaiglobal.com
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