Rheinmetall Gets EUR60 Million Order via Chinese Joint Venture
June 22 2021 - 04:48AM
Dow Jones News
By Olivia Bugault
Rheinmetall AG said Tuesday that it has won an order for
lightweight components worth close to 60 million euros ($71.5
million) through its joint venture with Huayu Automotive Systems
Co. Ltd., or HASCO, a Chinese auto parts manufacturer.
The order is for structural components to be installed in
vehicles for a premium German automaker, the German
defense-and-automotive company said.
The contract will run for 8 years and delivery will begin in
2024, it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
June 22, 2021 04:46 ET (08:46 GMT)
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