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.


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(END) Dow Jones Newswires

March 03, 2021 06:56 ET (11:56 GMT)

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