Chinese VW Joint Venture Taps Pengling for Audi BEV Cooling Pipes
Tang Shihua
DATE:  Oct 09 2018
/ SOURCE:  Yicai
Chinese VW Joint Venture Taps Pengling for Audi BEV Cooling Pipes Chinese VW Joint Venture Taps Pengling for Audi BEV Cooling Pipes

(Yicai Global) Oct. 9 -- One of Volkswagen AG's China joint ventures has signed up Pengling Group to serve a batch supplier of cooling water pipes for Audi battery electric vehicles made in the country.

FAW-Volkswagen Automobile will purchase cooling water pipes worth more than CNY82 million (USD12.1 million) in total from Pengling over the next five years, the Tianjin-based auto parts manufacturer said in a statement.

Pengling will now undertake research, development and production of relevant products according to the clients' requirements and aims to achieve mass production as soon as possible.

The firm already supplies its automotive pipe products to many of China's new energy vehicle makers including FAW-Audi, Dongfeng Peugeot-Citroen Automobile, BYD Auto and Beijing Hyundai Motor. The firm expects to post sales of more than CNY800 million over the eight-year product lifecycle.

Editor: William Clegg

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Keywords:   Supply Contract,Auto Parts,Cooling Water Pipe,Electric Vehicle,FAW-VOLKSWAGEN,Audi,Pengling Group