(Yicai Global) Feb. 26 -- China's Miracle Automation Engineering has secured a CNY96.8 million (USD13.8 million) conveyor system order from BMW's main China joint venture.

Miracle Automation will deliver the equipment to BMW Brilliance Automotive in two batches in March 2021 and April 2022, the Wuxi-based firm said in a statement today.

The Shenyang-based JV is in the process of boosting its annual capacity to more than 1 million units, according to public data. The German carmaker is planning to raise its shareholding in the JV to 75 percent by 2022 amid relaxed ownership limits. 

Miracle Automation's [SHE:002009] stock price rose 2.1 percent to CNY9.27 (USD1.32) this afternoon. 

Editor: Emmi Laine