Xi'an Sinofuse Electric Receives Order to Supply US NEV Firm

MT Newswires Live

2025/01/24

Xi'an Sinofuse Electric (SHE:301031) was selected to be the supplier for a new energy vehicle enterprise in the US, according to a Shenzhen Stock Exchange filing on Friday.

The Chinese energy protection system services provider will provide a 450VDC latest generation electrification platform Tier 1 excitation fuse for the client's project, with production expected to start in April 2026.

The project is expected to generate sales worth 145 million yuan, the filing said.

The company's shares closed more than 5% higher.

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