# Baolong Technology receives brake wear sensor supply contract from European OEM

Baolong Technology (603197.SH) received a Letter of Intent from a European OEM to supply brake wear sensors for a new platform project. The contract has a total value exceeding CNY 140 million over 6 years, with mass production expected to start in September 2023.

- Type: Contract
- Announced: 2022-11-17
- Value: $19.5M (140.0M CNY)
- Status: announced
- Products: brake wear sensors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [European OEM](https://endata.com/companies/36557.md) (customer)
- [Baolong Technology](https://endata.com/companies/62747.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/832840.html), 2022-11-17: "选择公司作为其全新平台项目刹车磨损传感器的产品供应商。"

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