(RTTNews) - Rheinmetall AG (RNMBF.PK) said the company's Materials and Trade division has won three new orders for structural parts destined for e-mobility vehicles. The orders, booked by the Castings unit, are each worth a figure in the double-digit million-euro range. Production of the components is set to begin in 2024.
The Castings unit is a joint venture of Rheinmetall and HUAYU Automotive Systems Co. Ltd. (HASCO), a subsidiary of SAIC group. Rheinmetall and SAIC each hold a 50 percent stake in the joint venture.
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