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Chervon Auto Precision Technology will supply electromotor shells to Valeo Siemens eAutomotive for installation in Daimler electric vehicles. The agreement is worth approximately CNY550 million (USD86 million) and lasts for three years.
Chervon Auto Precision Technology received a CNY375 million (USD58.1 million) order from a unit of ZF Friedrichshafen for parts used in new energy vehicle motors and electronic control systems, which will be used in Lotus models. The contract period is from 2022 to 2030.