On that day, an auto parts specialist announced that it had signed a supply contract with the Volkswagen Group to supply 50 million suspensions.
Suspension is a device that connects the wheel and body of a car. It is one of the parts that absorbs the ground impact and prevents the impact from being transmitted to the occupants. This contract is the largest single suspension item ever. A total of four suspensions are used, one for each wheel per vehicle. Considering this, the annual order volume is around 6 million.
Mando will produce suspensions at its European plant from next June and supply products to Volkswagen until 2033. Volkswagen plans to use parts supplied from Mando for its flagship models and electric vehicles in the future. Mando is known to be discussing the expansion of suspension supply not only with Volkswagen in Europe but also with Volkswagen in China.
However, despite the news of large-scale suspension orders, the stock price of Mando ended at 69400 won, down 600 won (0.86%) from the previous trading day. At one time in the morning, it traded at 71,400 won, up 2200 won (2.14%) compared to the previous trading day, but in the afternoon it returned all the gains and reversed the decline.
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Mando has won an order for 50 million suspension products from the Volkswagen Group?
-Signed a contract to supply 50 million suspensions with Mando and Volkswagen Group
-Supply of 6 million units per year by 2033. Discussion on expansion of supply to China, etc.
What kind of company is Mando?
-Established by Halla Holdings as a division of automobile parts manufacturing and sales business
-Manufacturer of chassis parts such as brake system, steering system, suspension system, etc.
-Discover new growth engines such as autonomous vehicles and eco-friendly vehicle parts through M&A
-Performance was sluggish due to last year’s Corona 19, hoped retirement, etc.
What is the expert evaluation of Mando?
-Suspension order, autonomous driving issue’Attention’