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Sinofuse Electric received an order to supply electrical parts for a German automaker's EV model, valued at about CNY110 million ($15.4 million), with supply starting January 2025. The client is unnamed due to an NDA.
Sinofuse Electric announced on October 26, 2023, that a leading German carmaker placed an exclusive order for two types of electrical parts for a new EV model, expected to bring CNY900 million to CNY1.2 billion (USD123 million to USD164 million) in revenue. Mass production of the EV is scheduled for May 2025.