scratch4.0| Qingling Automobile Co., Ltd.(01122.HK): Signed a sales agreement with Bosch to develop the electric drive products industry

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Qingling Automobile signed a sales agreement with Bosch to supply electric drive reducer subassemblies to help Qingling Automobile transform and upgrade the electric drive product industry.

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Qingling Automobile Co., Ltd.(01122scratch4.0.HK) announced on May 13, 2024 that it has signed a sales agreement with Bosch to supply parts. This is the company's role in the new energy vehicle industryscratch4.0Further layout.

[Qingling Automobile and Bosch establish a strategic partnership to supply key components]

Bosch develops and produces hydrogen power systemsscratch4.0is planning to manufacture new products compatible with its systems. Qingling Automobile will provide Bosch with reducer subassemblies that meet its specifications and quality standards.

With the vigorous development of the new energy vehicle industry, the demand for electric drive reducers is steadily increasing. Relying on its rich experience in the field of traditional fuel vehicle reducers, Qingling Automobile is accelerating its technological upgrades to meet the market demand for electric drive products.

This cooperation indicates Qingling Automobile's strategic layout in the field of new energy vehicle parts and components and is expected to bring new growth points to it.