# 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.

- Type: Contract
- Announced: 2023-12-23
- Where: Changshu, China
- Value: $1.00B
- Status: announced
- Products: electronic shock absorbers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NIO](https://endata.com/companies/22544.md) (customer)
- [ClearMotion](https://endata.com/companies/74645.md) (supplier)

## Sources

- [bostonglobe.com](https://www.bostonglobe.com/2023/12/22/business/clearmotion-supply-chinese-carmaker-nio/), 2023-12-23: "It's about a billion-dollar contract for us."

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