Mando auto parts maker signs deal with Chinese companyMando Corp., the nation’s second-largest auto parts manufacturer, said yesterday that it has signed a 630 billion won ($610 million) contract with China’s largest private-owned automaker, Geely, to supply brakes and suspension parts.
The Halla Group affiliate said that it would supply parts for 10 years starting at the end of 2016.
Its products will be used not only in Geely models, but also Volvo cars, which the Chinese automaker acquired in 2010.
The parts will be used in a platform that Geely and Volvo have yet to jointly develop. Mando has been operating Mando Ningbo, a joint venture with Geely, since 2011.