Shenglong Hits Limit up on Becoming Supplier to Auto Parts Maker BorgWarner for New NEV Model

(Yicai World wide) June 14 — Shares in Ningbo Shenglong Automotive Powertrain Program acquired by the trade-imposed limit these days after the Chinese motor vehicle pieces manufacturer mentioned it has been picked out as official provider to the Chinese affiliate of the US’ BorgWarner Automotive Components, which is producing the electric drives for the most recent new electrical power motor vehicle design by a properly-identified Chinese carmaker.

Shenglong’s share value [SHA:603178] closed up 10 % at CNY12.86 (USD1.90) right now.

Shenglong’s electronic oil pumps will be a core component of BorgWarner’s 800V superior-voltage, pure-electric, 3-in-just one electric powered generate task for a new all-electrical sports activities utility design by a top Chinese NEV startup, the Ningbo, eastern Zhejiang province-dependent company stated yesterday.

Deliveries to Wuhan, central Hubei province-dependent BorgWarner are because of to start out in the third quarter, and mass generation of the new motor vehicle product really should start in 2023, Shenglong mentioned. The challenge should really very last additional than 5 years. No figures were being given and the name of the NEV maker and new design had been not disclosed due to confidentiality good reasons.

The digital oil pump is a new solution and product sales only make up a tiny section of the firm’s full, Shenglong mentioned. Its main earners are gasoline oil engines and transmission oil pumps.

Editor: Kim Taylor

Katherine T. Burrows

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