(Yicai Global) May 14 -- Zhejiang Geely Holding Group has signed up a unit of Yonggui Electric Equipment Co. as a qualified supplier of auto parts for its new energy vehicles.

Wholly-owned subsidiary Sichuan Yonggui Technology Co. will provide parts such as high-voltage harnesses, recharge sockets and charging guns for the Hangzhou-based firm's plug-in and hybrid NEVs, it said in a statement. Supply is expected to start within one year.

This development will assist the Sichuan-based firm in achieving its medium- and long-term strategic goals related to the new energy sector.

Editor: William Clegg