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Wonder Auto in pact to supply electric motors

posted: 102 DAYS 18 HOURS AGO

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NEW YORK -China-based auto supplier Wonder Auto Technology Inc. said Friday that two of its subsidiaries have reached deals to supply electric motors to Jinzhou Wonder Alternative Energy Vehicle Technology Co. for use in its electric and alternative energy vehicles.

The contracts are expected to be worth a total of about $6.1 million.

Under the agreements, the subsidiaries will supply six models of electric motor products to Jinzhou AEV. Delivery is set to begin in November and continue in 2010.

Wonder expects to deliver about 1,450 units in 2009 and about 21,500 in 2010.

Wonder shares fell 78 cents, or 5.6 percent, to $13.05 in afternoon trading.

2009-10-30 12:33:15

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