Wencan Group secures CNY 4.1 billion in orders for auto parts

Wencan Group secured two contracts worth up to CNY 4.1 billion (USD 570 million) from a Chinese EV maker and a battery manufacturer. The contracts cover aluminum die-cast body parts and battery cases, with deliveries starting in Q3 and Q4 2024 respectively.

“Shares in Wencan Group surged as much as 8.6 percent today after the Chinese producer of aluminum alloy precision components for autos said that it has secured two contracts worth as much as CNY4.1 billion.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Wencan Soars on Bagging USD570 Million Worth of Orders for Precision Car PartsTang ShihuaJul 24, 2023

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