# Xinzhi Group to supply motor parts for Aito EVs

Xinzhi Group will become a designated supplier of motor stators and rotors for Aito-branded electric vehicles produced by Seres Group, expecting to earn CNY 500 million (USD 69 million) in revenue over three years. The deal was announced on June 13, 2024.

- Type: Contract
- Announced: 2024-06-13
- Where: China
- Value: $69.0M (500.0M CNY)
- Status: completed
- Products: motor stators, motor rotors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [SERES](https://endata.com/companies/14676.md) (customer)
- [Xinzhi Group](https://endata.com/companies/77987.md) (supplier)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-xinzhi-to-supply-parts-to-evs-of-seres-huawei-brand-aito), 2024-06-14: "Xinzhi will provide Aito-branded vehicles with motor stators and rotors, the Zhejiang province-based supplier announced yesterday."

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