Sinofuse Electric lands up to USD164 million EV parts order from German carmaker

Sinofuse Electric announced on October 26, 2023, that a leading German carmaker placed an exclusive order for two types of electrical parts for a new EV model, expected to bring CNY900 million to CNY1.2 billion (USD123 million to USD164 million) in revenue. Mass production of the EV is scheduled for May 2025.

“The deal shows that the buyer recognizes Sinofuse's product development and design, technical quality, and ability to guarantee production”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Sinofuse Jumps After Landing Up to USD164 Million EV Parts Order From German BuyerTang ShihuaOct 26, 2023

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