# Derun Electronics wins supplier nomination from FAW subsidiary for EV components

Derun Electronics' subsidiary Chongqing Meida received a supplier nomination letter from a subsidiary of FAW Group to develop and mass-produce energy conversion and distribution units for electric vehicle platforms. The estimated lifecycle sales revenue is approximately 4.8 billion yuan.

- Type: Contract
- Announced: 2023-10-29
- Where: China
- Value: $656.0M (4.80B CNY)
- Status: announced
- Products: energy conversion and distribution unit, charging-distribution all-in-one
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Derun Electronics](https://endata.com/companies/31644.md)
- [FAW Group](https://endata.com/companies/3197.md) (customer)
- [Chongqing Meida Electric](https://endata.com/companies/73322.md) (partner)

## Sources

- [stock.jrj.com.cn](https://stock.jrj.com.cn/2023/10/29163338130776.shtml), 2023-10-29: "得润电子将成为该客户电动汽车平台车型“能量转换与分配单元总成”（即充配电多合一）的开发及量产供应商。"

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