Asia-Pacific Mechanical to supply brake calipers to Groupe PSA

Zhejiang Asia-Pacific Mechanical & Electronic signed a contract to supply front calipers for PSA's Common Modular Platform to PSA's Wuhan factories. The deal is expected to generate CNY 480 million in new sales over five years.

“The deal is likely to generate CNY480 million (USD73.3 million) in new sales for Asia-Pacific Mechanical, it said.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Asia-Pacific Mechanical Gains on Car Parts Supply Deal With France’s PSATang ShihuaDec 15, 2020

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