KUALA LUMPUR: Sapura Industrial Bhd has clinched a RM307 million contract to assemble front and rear axle systems for selected Chery vehicle programmes over four-and-a-half years.
The contract follows the execution of a master purchase agreement between Sapura Industrial's unit Sapura Machining Corporation Sdn Bhd and Chery Corporate Malaysia Sdn Bhd.
The agreement marks Sapura Industrial's first direct engagement with Chery, one of China's leading automotive manufacturers and represents a step towards diversifying the group's customer base.
The scope covers axle assembly for Chery's internal combustion engine, hybrid electric vehicle and battery electric vehicle platforms, including the Jaecoo J5 and vehicles under the Lepas brand.
