European OEM

Steel Strips Wheels has received a nomination for a steel wheel business from a leading European OEM, valued at approximately EUR 15 million, to be executed over six years with series supplies starting from end of 2026.

Chervon Auto (Quanfeng Auto) received two new energy vehicle parts orders: a power box for a Chinese NEV parts company (CNY 446 million, 2025 start) and an inverter housing for a European OEM (CNY 186 million, 2026 start), totaling CNY 632 million.

Magna announced it has been awarded a high-volume contract with a Europe-based premium OEM to supply its new eDrive system (eDS Mid), with production projected in 2026.

Baolong Technology (603197.SH) received a Letter of Intent from a European OEM to supply brake wear sensors for a new platform project. The contract has a total value exceeding CNY 140 million over 6 years, with mass production expected to start in September 2023.

BorgWarner has won an order for its eTurbo products from a major European OEM for use in a high-voltage hybrid vehicle.

Horizon Technologies was awarded a major contract from a leading European OEM for its FlyingFish airborne SIGINT system, with future options totaling over £15 million, for a NATO country's aircraft.