---
title: "GEB's subsidiary received a letter of intent for designated points, with a total lifecycle amount of approximately 640 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240792294.md"
description: "GEB's subsidiary MATTESCO MEXICOS.A.DE C.V. recently received a letter of intent from a globally renowned automotive parts company to customize and develop new energy electric drive stator cores and rotor assembly products. The project lifecycle is from 2026 to 2031, with an estimated total amount of approximately 640 million yuan. This project reflects the client's recognition of the company's technology and quality, which will help enhance the company's future business revenue"
datetime: "2025-05-19T08:45:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240792294.md)
  - [en](https://longbridge.com/en/news/240792294.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240792294.md)
---

# GEB's subsidiary received a letter of intent for designated points, with a total lifecycle amount of approximately 640 million yuan

According to the announcement from JIN DI Co., Ltd. (603270.SH), its subsidiary MATTESCO MEXICOS.A.DE C.V. recently received a letter of intent for designated supply from a well-known global automotive parts company, to customize and supply new energy electric drive stator cores and rotor assembly products according to their needs. According to the client's plan, the designated project is expected to have a lifecycle from 2026 to 2031. Based on the project's lifecycle output and unit supply price, preliminary calculations estimate the total amount for this project lifecycle to be approximately RMB 640 million.

The acquisition of this designated project reflects the client's recognition of the company's technological research and development capabilities, quality control, and manufacturing capabilities, further deepening the business relationship between the company and the client. This is of significant importance for the company's layout in the electric drive components business and its continuous rapid development. In the future, the company will complete the development and production of the above project products within the specified time as per the client's requirements. It is expected that the above project will have almost no impact on the company's performance for this year, but it will help increase the company's business revenue in future years and have a positive impact on the company's future operating performance

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