Chervon Auto Precision Technology wins USD86 million Daimler NEV parts order

Chervon Auto Precision Technology will supply electromotor shells to Valeo Siemens eAutomotive for installation in Daimler electric vehicles. The agreement is worth approximately CNY550 million (USD86 million) and lasts for three years.

“The supplier will provide Valeo Siemens eAutomotive, a joint venture between French car parts maker Valeo and Germany's Siemens, with electromotor shells to be installed in Daimler electric vehicles.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Chervon Surges After Scoring USD86 Million Daimler NEV Parts OrderTang ShihuaNov 26, 2021

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