Hunan Oil Pump secures two exclusive supply deals worth up to CNY480M

Hunan Oil Pump secured an exclusive supply deal with Geely Auto Group to develop and mass produce oil pump products for a new model, valued at up to CNY480 million over five years. It also secured an exclusive supply deal with Naveco for oil and vacuum pump assembly products, expected to bring CNY18 million annual revenue.

“The firm's stock closed up 6.96 percent at CNY37.63 at noon.”www2.yicaiglobal.com

• 1 source
• www2.yicaiglobal.comChina’s Hunan Oil Pump Gains Nearly 7% After Bagging Two Supplier DealsTang ShihuaNov 4, 2020

Summarized from public sources; check the original articles before acting on it.