Zhejiang Asia-Pacific Mechanical & Electronic (SHE:002284) secured a supplier nomination from a major domestic automaker to provide integrated brake control modules (IBS onebox) for two new energy vehicle (NEV) models, according to a Thursday filing with the Shenzhen bourse.
The project is set for mass production in the first quarter of 2026 and is expected to generate 1 billion yuan in total sales over a five-year lifecycle.
The deal highlights the company's technological strength and market competitiveness in the NEV sector. The demand will eventually determine the revenue.
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