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(Yicai) Dec. 17 -- China's Yinlun Machinery is expanding its international presence after its Mexican plant secured an order for thermal management parts from a prominent European car brand, with expected revenue of EUR39.2 million (USD41.1 million).
Yinlun's Mexican subsidiary received a fixed-point order from a European marque, agreeing to supply electric-vehicle battery cooling plates to the customer from 2027, the Zhejiang province-based firm announced yesterday without disclosing the name of the client due to a non-disclosure agreement. The products will be delivered to the customer's local plant in Mexico.
This supplier designation marks a significant breakthrough for Yinlun in developing the European passenger car market. It validates the company's overseas production capabilities and professionalism, potentially opening new opportunities for international expansion and market share growth, per the announcement.
Yinlun is a leading Chinese supplier of thermal management systems for EVs, currently serving clients including Tesla in China. Its international client portfolio also encompasses brands such as Volvo, Porsche, General Motors, and Ford. Last year, the company launched new plants in Poland and Mexico, with over 22 percent of its revenue generated from international markets, according to its annual report.
Yinlun’s stock price [SHE: 002126] closed 0.2 percent higher at CNY17.23 (USD2.40) in Shenzhen today.
Editor: Emmi Laine