(Yicai Global) Dec. 7 -- NRB’s stock price soared by the exchange-imposed daily trading limit after the Chinese auto parts maker was named a designated supplier to Great Wall Motors’ hybrid vehicle project.

Shares of NRB [SHE: 002708] ended up 10 percent at CNY7.81 (USD1.23) each today, the highest closing price since Jan. 14, 2020.

NRB will supply Great Wall unit Hycet Transmission Technology Hebei with clutch sliding sleeves for its DHT project, the Changzhou-based manufacturer said late yesterday. DHT is a high-efficiency hybrid power system developed by Great Wall that is set to be used in the Wey and Haval series hybrids.

In recent years, NRB has been actively promoting the use of its products in new energy vehicle projects. The company announced on Dec. 2 that its bearings will feature in Xpeng Motors’ new model, the F30. Since then, its stock price has climbed about 30 percent.

NRB has also established partnerships with well-known domestic and overseas EV makers such as BYD, Nio, Li Auto, Volkswagen, and Daimler, it noted in the statement.

Editor: Futura Costaglione