# Zhenyu Technology subsidiary receives 2.168 billion yuan order from NIO

Zhenyu Technology's wholly-owned subsidiary Suzhou Fanst Machinery Technology received a letter of intent from NIO Power Technology to supply G4.9 stator and rotor cores. The contract covers 2024-2027 with a total estimated value of approximately 2.168 billion yuan.

- Type: Contract
- Announced: 2024-05-29
- Where: China
- Value: $300.0M (2.17B CNY)
- Status: announced
- Products: G4.9 stator and rotor cores
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhenyu Technology](https://endata.com/companies/77717.md)
- [Suzhou Fanst Machinery Technology](https://endata.com/companies/77718.md)
- [NIO](https://endata.com/companies/22544.md) (customer)
- [Zhenyu Technology](https://endata.com/companies/77717.md) (supplier)
- [NIO Power Technology](https://endata.com/companies/77719.md) (customer)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/1128262.html), 2024-05-30: "苏州范斯特成为蔚来科技G4.9定转子铁芯供应商。"
- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-zhenyu-jumps-after-getting-usd304-million-auto-parts-order-from-nio), 2024-05-31: "Zhenyu's subsidiary Suzhou Fine Stamping received an order for stators and rotor cores from Nio's unit on May 29."

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