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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