Rheinmetall, HASCO JV Wins Electromotor-Housings Contract in China
March 03 2021 - 7:11AM
Dow Jones News
By Olivia Bugault
Rheinmetall AG said Wednesday that its joint venture with SAIC
Motor Corp.'s HASCO subsidiary, named HASCO KSPG Nonferrous
Components (Shanghai) Co., Ltd.（KPSNC), has booked a major order in
China to provide electromotor housings.
The five-year contract represents lifetime sales in the
double-digit euro-million range and comes from an international
automaker whose name wasn't disclosed. Production will start in
March, the German defense-and-automotive group said.
"The order encompasses electromotor housings made of aluminum,
which will be installed modularly in the customer's entire fleet of
electrically powered vehicles," it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
March 03, 2021 06:56 ET (11:56 GMT)
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