(Yicai Global) Oct. 17 -- Shares of Longli Technology surged after the Chinese supplier of light-emitting diode displays said it will partner with Robert Bosch for the first time to supply the latter with USD421 million of in-vehicle screens in nine years.

Longli's stock price [SHE:300752] closed up about 20 percent at CNY22.42 (USD3.10). Meanwhile, Shenzhen’s Growth Enterprise Index [SHE: 399006] closed only 0.03 percent higher at 2,435.02.

After securing a USD421 million order, the Chinese firm will ink a contract to supply the Gerlingen-headquartered equipment manufacturer with mini-LED backlight modules for vehicles between 2025 and 2033, the Shenzhen-based company said in a statement today.

Mini-LED backlight modules, developed by Longli, are applied in vehicles’ dashboards, central control systems, air-conditioning, and rear-view mirrors. The products are earning recognition from carmakers both at home and abroad, the firm said.

The pair's collaboration will speed up the application of Longli's products in the international automotive market and also spur the company to further enhance its technological innovation, operations, and management, Longli added.

Editor: Emmi Laine, Xiao Yi