Chinese NEV Heat Management Part Supplier Yinlun Secures Third Overseas Order in a Month
Tang Shihua
DATE:  Jan 17 2024
/ SOURCE:  Yicai
Chinese NEV Heat Management Part Supplier Yinlun Secures Third Overseas Order in a Month Chinese NEV Heat Management Part Supplier Yinlun Secures Third Overseas Order in a Month

(Yicai) Jan. 17 -- Chinese new energy vehicle heat management part supplier Yinlun Machinery has secured its third overseas order of the past month.

Yinlun received a EUR19.4 million (USD21.1 million) order for NEV cooling system parts from a well-known European auto part maker, the Zhejiang province-based company announced yesterday. The bulk supply of the parts will start in May 2026 and last for eight years.

Yinlun did not disclose any further details about the order but mentioned that this was the second order it received from this specific European client.

In the past month, Yinlun has received two other overseas orders. One was to supply NEV air conditioning box units to the same European customer as this latest order, and the other was to supply the same products to a US electric carmaker.

Receiving another order from the same European client shows its recognition of Yinlun’s NEV heat management products and manufacturing capabilities in Europe, the Chinese firm added in yesterday’s statement.

Yinlun is one of China’s leading suppliers of vehicle heat management equipment. Its Shanghai plant has been the supplier of Tesla’s Shanghai gigafactory. Last year, the company put its plants in Poland and Mexico into operation.

Famous European carmakers Volvo, Porsche, BMW, Audi, Mercedes-Benz, and Renault are among Yinlun’s main customers.

Yinlun’s shares [SHE: 002126] were trading down 0.4 percent at CNY16.60 (USD2.33) as of lunch break in Shenzhen today.

Editor: Futura Costaglione

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Keywords:   Zhejiang Yinlun Machinery,Designated Supplier,Heat Management System,Electric Vehicle,Auto Parts Supplier,Europe