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Neotis signed a supply contract with KG Mobility (KGM) to supply the sunroof controller for the new Actyon SUV. The contract marks Neotis' first entry into automotive electronics.
Neotis announced a contract to supply shafts for automotive motors to Chinese auto parts company Nidec, valued at KRW 11.015 billion, representing 25.3% of its 2017 revenue. The contract runs until December 31, 2026.