# Mingxin Xuteng wins suede microfiber supply contract worth CNY 300 million

Mingxin Xuteng received a nomination letter from a well-known automotive OEM to supply suede microfiber material for a new project, with a total lifecycle value of about CNY 300 million. Production is expected to start in 2023.

- Type: Contract
- Announced: 2022-03-15
- Where: China
- Value: $47.1M (300.0M CNY)
- Status: announced
- Products: suede microfiber material
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Mingxin Xuteng](https://endata.com/companies/61608.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/679686.html), 2022-03-15: "公司成为其新项目的绒面超纤材料供应商。"

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