Asia Pacific Automotive Parts Secures Major NEV Supply Deal, Projected Sales at 360 Million Yuan

Published: Jun 10, 2025 17:31
[Asia Pacific Automotive Parts: Secures Designation from a Major Domestic Auto Group, Expected Total Sales of Approximately 360 Million Yuan] Asia Pacific Automotive Parts announced in a statement that the company has received a designation notice from a major domestic auto group to supply rear brake caliper assemblies (with EPB) for a new energy vehicle (NEV) platform of the customer. According to the customer's plan, the project has a life cycle of six years and is expected to commence mass production in the second quarter of 2026, with total sales over the life cycle estimated at approximately 360 million yuan.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[Energy Storage: India proposes mandatory co-located storage for new solar and wind projects from July 2027]
2 mins ago
[Energy Storage: India proposes mandatory co-located storage for new solar and wind projects from July 2027]
Read More
[Energy Storage: India proposes mandatory co-located storage for new solar and wind projects from July 2027]
[Energy Storage: India proposes mandatory co-located storage for new solar and wind projects from July 2027]
India's Central Electricity Authority has published draft amendments to its technical standards requiring ground-mounted solar and onshore wind projects commissioned after July 1, 2027 to install co-located energy storage equal to at least 10% of installed capacity with a minimum two-hour duration, rising to four hours for projects commissioned from July 2029 through June 2031. The draft also mandates that at least 15% of inverters in renewable plants have grid-forming control, while all power conversion systems of battery storage must be grid-forming, with stakeholder comments open until October 4. More than 8,133 GWh of solar was curtailed in the first quarter of the fiscal year as the grid could not absorb daytime surplus, and the new rules aim to address mounting curtailment and grid stability concerns.
2 mins ago
Once dismissed, now frantically grabbing orders! The three Korean giants collectively pivot to LFP!
45 mins ago
Once dismissed, now frantically grabbing orders! The three Korean giants collectively pivot to LFP!
Read More
Once dismissed, now frantically grabbing orders! The three Korean giants collectively pivot to LFP!
Once dismissed, now frantically grabbing orders! The three Korean giants collectively pivot to LFP!
On the last day of August 2026, SK On announced that it had signed a five-year supply contract for LFP pouch battery cells with US energy storage enterprise NeoVolta Power, with a total supply of 9 GWh, and an additional 9 GWh order may be added within the year, at which point the total scale of cooperation between the two parties is expected to expand to 18 GWh. Almost simultaneously, Samsung SDI was reported to be about to finalise a three-year LFP battery cell supply agreement with an ESS integrator, worth several trillion won, with an annual supply of several GWh.
45 mins ago
[SMM Energy Storage Battery Cell Market Weekly Review 9.3] Tight copper foil supply constrains September production schedules, energy storage battery cell prices remain firm
13 hours ago
[SMM Energy Storage Battery Cell Market Weekly Review 9.3] Tight copper foil supply constrains September production schedules, energy storage battery cell prices remain firm
Read More
[SMM Energy Storage Battery Cell Market Weekly Review 9.3] Tight copper foil supply constrains September production schedules, energy storage battery cell prices remain firm
[SMM Energy Storage Battery Cell Market Weekly Review 9.3] Tight copper foil supply constrains September production schedules, energy storage battery cell prices remain firm
[SMM Analysis] Affected by tight copper foil supply and slower-than-expected capacity ramp-up for large-capacity battery cells, China and global energy storage battery cell production growth in September is expected to slow to 4.09% and 4.25% MoM, respectively, but this does not indicate weakening end-use demand. Supply-demand conditions for energy storage battery cells remain tight, with 314Ah battery cell prices holding steady. Shipments are expected to rise steadily going forward, with prices continuing their stable-to-higher trend.
13 hours ago