ClearMotion wins $1B deal to supply 3M shock absorbers to Nio

ClearMotion has signed a contract to supply 3 million electronic shock absorbers to Chinese automaker Nio, valued at approximately $1 billion. The suspension systems will be built in a factory in Changshu, China, which is under construction and scheduled for completion in Q1 2024.

“It's about a billion-dollar contract for us.”bostonglobe.com

• 1 source
• bostonglobe.comClearMotion scores major deal to supply Chinese automaker NioHiawatha BrayDec 23, 2023

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