(Yicai Global) Aug. 14 -- Shares of Zhongding Sealing Parts jumped after the Chinese firm said that its unit will supply auto parts to Nio.

Zhongding’s stock price [SHE:000887] rose 4.52 percent to CNY11.35 (USD1.60) during the morning session, after rallying as much as 8 percent earlier.

Amico Anhui Automotive E-Drive has received a CNY131 million (USD18.9 million) order from the Shanghai-based electric vehicle startup to assemble core components for air suspension systems, the Anhui province-headquartered firm said in a statement yesterday. Amico is a subsidiary of Zhongding's German auto parts unit AMK Holding.

The related technology is likely to become one of Zhongding's core products in the future and the order proves its world-class quality and uses in new energy vehicles, the rubber sealing parts maker added.

Editor: Emmi Laine