(Yicai) Jan. 23 -- Shares of C*Core Technology jumped after the Chinese maker of automobile electronic products received big orders for its self-developed auto semiconductor chips.

C*Core [SHA: 688262] closed up 3.05 percent to CNY23.31(USD3.25) after gained as much as 4.7 percent earlier.

C*Core will become the preferred supplier of microcontroller units for Yidingfeng Powertrain Technology as the latter ordered 250,000 units of both of C*Core's two new-generation MCUs, the Suzhou-based supplier announced yesterday. The products will be applied in Yidingfeng-assembled vehicle control units made for new energy vehicles which are key modules that control general car functions.

The supplier will deliver at least 100,000 MCUs already this year and a minimum of 400,000 units next year, the firm added, without disclosing the price.

Winning the orders should positively impact C*Core's operating performance this year, it said. Moreover, the pair will combine Yidingfeng's technological advantages and mass-production capabilities in VCUs and those of C*Core in MCUs to drive market development, it added.

Tianjin-based Yidingfeng can produce 400,000 sets of auto controllers per year and its products are used in vehicles made by Stellantis, the European owner of brands Chrysler, Fiat, and Maserati, as well as French auto supplier Valeo, and SAIC-GM-Wuling Automobile.

Editor: Emmi Laine