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AMK Holding GmbH & Co. KG, a subsidiary of Zhongding Holding (Zhongding Co., Ltd.), was selected as the exclusive batch supplier of air suspension system assembly products for a European automaker. The total contract value over the lifecycle is approximately 831 million yuan.
Anhui Zhongding Sealing Parts' subsidiary AMK Holding's Chinese unit Anmeike (Anhui) Automotive Electric Drive received a letter of intent from NIO to become a batch supplier for air suspension system core components, with a total project value of about 131 million yuan.
Amico Anhui Automotive E-Drive, a subsidiary of Zhongding Sealing Parts' German unit AMK Holding, received a CNY131 million order from Nio to assemble core components for air suspension systems.