# 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.

- Type: Contract
- Announced: 2021-11-25
- Value: $86.0M (550.0M CNY)
- Status: announced
- Products: electromotor shells for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Chervon Auto Precision Technology](https://endata.com/companies/53033.md)
- [Daimler](https://endata.com/companies/3543.md) (customer)
- [Valeo Siemens eAutomotive GmbH](https://endata.com/companies/20405.md) (customer)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-chervon-surges-after-scoring-usd86-million-daimler-nev-parts-order-), 2021-11-26: "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."

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