Huazhong In-Vehicle unit signs 5-year supply deal with global EV maker

Huazhong In-Vehicle's subsidiary Ningbo Huazhong Plastic Products signed a 5-year supply agreement with a global EV maker for new energy vehicle products. The contract is valued at about CNY 310 million over its life. To fulfill the contract, Huazhong will invest about $8.5 million to build a production base in Monterrey, Mexico, expected to start production in September 2023.

“公司旗下的全资附属公司宁波华众塑料制品有限公司已与某全球知名电动汽车制造商达成供货协议。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com华众车载(06830)：与某全球知名电动汽车制造商达成5年供货协议，预计周期内销售额超3亿元Jun 5, 2023

Summarized from public sources; check the original articles before acting on it.