(Yicai Global) Aug. 19 -- Tieliu Clutch’s stock price gained after the Chinese auto parts manufacturer said its German unit has become a supplier of core parts for fuel cells to global engineering giant Robert Bosch.

After earlier jumping by as much as 5.4 percent, Tieliu Clutch [SHA: 603926] closed up 1 percent at CNY11.52 (USD1.69) today.

Geiger Fertigungstechnologie will supply Bosch with core parts for fuel cells for eight years, its Hangzhou-based parent company said late yesterday. The firm expects sales of EUR20 million (USD20.2 million) from the deal.

Tieliu Clutch bought high precision metal parts maker Geiger for EUR38.8 million in August 2018 to help it develop high-end auto part clients and its enhance supply in European markets. Geiger provides integrated core metal parts solutions to clients.

Editor: Futura Costaglione