HUBER+SUHNER becomes Tier 1 supplier to leading Chinese electric vehicle manufacturer Geely
Ad hoc announcement pursuant to Art. 53 LR
HUBER+SUHNER signs a first platform contract with Geely for series production. The scope of supply includes high-voltage connection solutions for application in a platform of the latest Geely electric vehicle generation.
Yesterday, HUBER+SUHNER signed a platform contract with Zhejiang Geely Holding Group Co., Ltd. (Geely) and thus becomes a Tier 1 supplier to one of China's largest private car manufacturers. The cooperation includes the production and delivery of RACS connection systems (RADOX® Automotive Connection System) over the next four years for a first vehicle platform. Start of production was in May 2018.
This step is a breakthrough for HUBER+SUHNER in the implementation of the strategic growth initiative for electric vehicles in the Low Frequency technology segment.
In addition, HUBER+SUHNER was nominated as a supplier for two upcoming platform programs, which will be globally shared with Volvo and Lync & CO brands. Possible further series orders resulting from these nominations are staggered over a period until 2023 and hold significant business potential for the coming years.
The components are manufactured locally at the HUBER+SUHNER production site in Changzhou, China. The RACS connection systems for Geely had been successfully validated over a period of two years. RACS is a wire-to-device system that connects high voltage devices within vehicles in a compact, flexible and robust way. It provides 360 degree electromagnetic shielding, excellent environment protection, high vibration and shock resistance.
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Head Corporate Communications
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Media release (PDF)