# Chervon Auto receives CNY375 million order from ZF for Lotus parts

Chervon Auto Precision Technology received a CNY375 million (USD58.1 million) order from a unit of ZF Friedrichshafen for parts used in new energy vehicle motors and electronic control systems, which will be used in Lotus models. The contract period is from 2022 to 2030.

- Type: Contract
- Announced: 2021-02-03
- Where: China
- Value: $58.1M (375.0M CNY)
- Status: announced
- Products: motor housings, electronic control housings for new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (customer)
- [Chervon Auto Precision Technology](https://endata.com/companies/53033.md) (supplier)
- [Lotus Cars](https://endata.com/companies/53034.md) (partner)
- [ZF Transmission Technology (Hangzhou)](https://endata.com/companies/53035.md) (customer)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-chervon-surges-on-usd581-million-parts-deal-for-lotus-cars), 2021-02-04: "The Chinese company has received a CNY375 million order for parts used in new energy vehicle motors and electronic control systems."
- [yzweekly.com](https://www.yzweekly.com/xyzd/qiche/5800.htm), 2021-02-04: "本次供应的零件是新能源汽车的核心零部件，本合同的签署是公司推进新能源汽车零部件业务发展的重要成果。"

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