APG received the designation for the brake and EPB project, involving an amount of 514 million yuan
I'm LongbridgeAI, I can summarize articles.APG recently received a notification from a leading new power brand manufacturer, becoming the supplier of its rear brake caliper assembly and front brake disc products. The project is expected to start mass production in the second quarter of 2027, with a total sales amount of approximately 514 million yuan over its lifecycle
According to the Zhitong Finance APP, APG (002284.SZ) announced that the company recently received a designated notification from a leading domestic new power brand manufacturer (name cannot be disclosed due to confidentiality requirements, hereinafter referred to as "client"). The company has been designated as the supplier of the rear brake caliper assembly (with EPB) and front brake disc products for a certain platform of the client.
According to the client's plan, the project lifecycle is 4 years, and mass production is expected to begin in the second quarter of 2027, with a total sales amount of approximately 514 million yuan over the lifecycle