Chery Corporate Malaysia and Sapura Industrial Berhad (SIB) subsidiary, Sapura Machining Corporation (SMC) have executed a master purchase agreement for the assembly of front axle and rear axle systems for selected Chery vehicle programmes, Sapura Industrial has announced.
The agreement marks the first direct engagement between Sapura Industrial and Chery, and the contract is estimated to be valued at approximately RM307 million over a period of four and a half years, according to the company.
The master purchase agreement covers the assembly of front and rear axle systems for Chery vehicles with internal combustion engines, hybrid and battery-electric powertrains, including the Jaecoo J5 and vehicles under the Lepas brand, SIB stated.
