# Guangyang shares wins 700M yuan bearing supply contract for new energy vehicles

Guangyang shares (002708.SZ) received a letter of award from a leading new energy vehicle customer to supply eight types of new energy reducer special bearings. The project has an estimated lifecycle of 5 years with total sales of approximately 700 million yuan, with mass production expected to start in Q1 2023.

- Type: Contract
- Announced: 2022-11-01
- Where: China
- Value: $97.0M (700.0M CNY)
- Status: announced
- Products: new energy reducer special bearings
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Guangyang shares](https://endata.com/companies/56018.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/820877.html), 2022-11-01: "公司成为其八款新能源减速箱专用轴承的供应商"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/838849.html), 2022-11-29: "公司成为其新能源前轮毂单元总成产品的供应商"

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