Ningbo Xusheng Group Gets Designation to Supply Parts, Components for Pure Electric Platform

MT Newswires Live
2025/01/09

Ningbo Xusheng Group (SHA:603305) said it was designated to supply parts and components for an undisclosed North American customer's pure electric platform.

The project has a life cycle of at least five years for a total sales amount of about 1.9 billion yuan, according to a Thursday filing with the Shanghai bourse.

The gradual start of mass production at the Mexican production base will be in the fourth quarter of 2026.

Shares of the auto parts maker closed 10% higher Thursday.

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