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(Yicai Global) Aug. 6 -- A subsidiary of China's Aotecar New Energy Technology will supply automotive air conditioning compressors to a Brazilian unit of France's PSA Group, the owner of Peugeot, Opel and Citroen brands.
PSA Brazil has chosen Aotecar as a designated supplier, the Nanjing-based company said in a statement yesterday, without mentioning more details about the contract.
The agreement means that Aotecar's products have been recognized by international carmakers, which will expand its market and improve its business performance, the firm added.
Founded in 2000, Aotecar is a subsidiary of Jiangsu Kingfield Garments.
Editor: Emmi Laine