# Zhejiang Rongtai receives $50M EV parts supply contract from North American automaker

Zhejiang Rongtai Electrical Equipment Co., Ltd. received a supply contract from an unnamed North American new energy vehicle customer for lightweight safety structural parts. The contract has a total value of approximately RMB 365 million (about $50 million) over 2-3 years, with mass production expected to begin in the first half of 2024.

- Type: Contract
- Announced: 2024-03-01
- Value: $50.0M (365.0M CNY)
- Status: announced
- Products: new energy vehicle lightweight safety structural parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhejiang Rongtai Electrical Equipment Co., Ltd.](https://endata.com/companies/75990.md)

## Sources

- [paper.cnstock.com](https://paper.cnstock.com/html/2024-03/01/content_1881878.htm), 2024-03-01: "公司于近日收到了北美某新能源汽车客户的定点通知，选择公司作为其新能源汽车新型轻量化安全结构件产品的供应商。"

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