# 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.

- Type: Contract
- Announced: 2023-06-05
- Where: Monterrey, Mexico
- Value: $43.0M (310.0M CNY)
- Status: announced
- Products: new energy vehicle three-electric system products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huazhong In-Vehicle](https://endata.com/companies/70660.md)
- [Ningbo Huazhong Plastic Products](https://endata.com/companies/70661.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/940709.html), 2023-06-05: "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。"

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