Neusoft Rises After Being Named Smart Cockpit Controller Supplier to Another Big Chinese Carmaker
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Neusoft's shares rose 3.1% after announcing a six-year contract to supply smart cockpit domain controllers to a major Chinese automaker, expected to generate CNY4.2 billion in revenue. This marks Neusoft's second such deal in two months, with products set for mass production between next year and 2027. Neusoft's intelligent auto business is its largest income source, accounting for 44% of its revenue in the first half of the year.
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