(Yicai Global) Sept. 14 -- Shares of Anhui Zhongding Sealing Parts rose after a unit was awarded a CNY664 million (USD97.2 million) supply contract by an affiliate of Chinese electric carmaker Li Auto. Another Zhongding unit signed a similar deal with Li Auto rival Nio last month.

Zhongding's stock price [SHE: 000887] closed 1.8 percent higher today at CNY10.32 (USD1.50), after soaring 4 percent in morning trading. The benchmark Shenzhen Component Index gained 0.6 percent.

Chongqing Lixiang Autos named Anhui Tristone Flowtech as its official bulk supplier of vehicle thermal management system assembly and intercooler assembly products for Li Auto's model X01, which is under development, Ningguo-based Zhongding said in a statement late yesterday. The deal will have a positive impact on Zhongding's market expansion, it added.

The new vehicle will support level-four autonomous driving, Li Auto Chief Executive Li Xiang said earlier this year, adding that the Beijing-based carmaker may launch it in 2023.

In August, the Chinese unit of Zhongding subsidiary AMK Holding secured a CNY131 million order to bulk supply Shanghai-based Nio with the assembly of core components for air suspension systems.

Editor: Peter Thomas