Shanghai W-Ibeda High Tech Group (SHA:688071) received a notification to develop high-precision inertial and satellite navigation systems for two vehicle models.
The designation notice was from an undisclosed domestic automaker's new energy brand, according to a Tuesday filing with the Shanghai bourse.
The sales amount will be related to the actual production of the car.
The company manufactures electrical signals measuring and testing instruments. Its shares closed 6% higher Tuesday.
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