(Yicai) Oct. 26 -- Sinofuse Electric’s shares rose after the Chinese circuit protector supplier said a leading German carmaker had placed an order for two types of electrical parts, with the deal likely to bring CNY900 million to CNY1.2 billion (USD123 million to USD164 million) in revenue.

Sinofuse [SHE: 301031] ended 5.6 percent up at CNY116.56 (USD16) a share in Shenzhen today.

In an exclusive deal, Sinofuse will be the designated supplier of two kinds of electrical parts, suitable for high voltage (1,000 volts direct current) and low voltage (70 VDC), for the German buyer’s new electric vehicle, the Xi'an-based firm announced today.

Mass production of the new EV model is scheduled to start in May 2025, so the deal will not have a significant impact on Sinofuse's financial results this year, it added, noting that because of a confidentiality agreement, it cannot disclose the name of the client.

The deal shows that the buyer recognizes Sinofuse's product development and design, technical quality, and ability to guarantee production, the firm pointed out, without disclosing the specific parts to be provided.

Sinofuse mainly provides electrical fuse protection devices to industrial companies, with its clients including carmakers Tesla, BYD, and SAIC Motor, power battery giant Contemporary Amperex Technology, and telecoms titan Huawei Technologies, according to its website.

Editor: Martin Kadiev