# Baolong Technology wins air suspension system contract worth over CNY 240 million

Baolong Technology received a letter of intent from a joint-venture automotive OEM to supply front and rear air springs for a new platform project. The contract has a lifecycle of 7 years and a total value exceeding CNY 240 million, with mass production expected to start in the first half of 2025.

- Type: Contract
- Announced: 2023-01-16
- Where: China
- Value: $35.5M (240.0M CNY)
- Status: announced
- Products: air suspension system, air springs
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/862622.html), 2023-01-16: "该项目生命周期为7年，生命周期总金额超过人民币2.4亿元，预计2025年上半年开始量产。"

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