BEIJING, Aug.27 (Xinhua) --- Shenzhen Kaizhong Precision Technology Co (002823. SZ) announced on August 27 that its wholly-owned subsidiary Kaizhong Vogt Gmbh has signed a multi-year supply contract with the global automobile giant Daimler AG recently, the Xinhua-run cnstock.com reported.
According to the announcement, the company will supply new energy vehicle (NEV) battery packs to Daimler during September 1, 2018 to December 31, 2027 and these battery packs will be produced in its Chinese plants.
Meanwhile, the signing of the contract marked another mile stone of the company in NEV component market, which will further improve its brand influence in global market and promote the company's rapid development in the power battery pack market. (Edited by Jiang Feifan and Yang Yifan, yangyifan@xinhua.org)
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