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Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Apr 10, 2024CONTRACT

Songyuan Automotive to supply seat belts for major European carmaker platform

Songyuan Automotive Safety Systems has been named the designated supplier of seat belts for a new platform project of a leading European car manufacturer. The deal is valued at EUR 41.6 million, with bulk supply expected to start in 2027 and last six years.

Value

$45.1M (41.6M EUR)

Status

Announced

Productsseat belts

CompaniesSongyuan Automotive Safety Systems supplier

Sectors#Automotive Components

“This is Songyuan's first designated supply deal for seat belts with an overseas client.”yicaiglobal.com

1 source
yicaiglobal.comChina’s Songyuan to Supply Seat Belts for Major European Carmaker’s New Platform ProjectTang ShihuaApr 10, 2024

Summarized from public sources; check the original articles before acting on it.

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