China’s Xusheng wins $1.1 billion auto part orders from North American automaker

BEIJING — China’s Ningbo Xusheng Group said on Monday it has received car component orders from a North American automaker, with expected sales revenue of about 7.8 billion yuan ($1.12 billion). The contract covers auto parts supplies for the unnamed automaker in China and Mexico over eight years starting in 2026, Xusheng said in a filing to the Shanghai Stock Exchange. The company said the orders reflect the automaker’s confidence in its capabilities but cautioned that factors such as global economic conditions and the health of the auto market could affect production plans and procurement. Zhejiang-based Xusheng, which makes aluminum…