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Joyson China Surges on $2B Global Car Parts Orders
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Joyson China Surges on $2B Global Car Parts Orders
Shares of Ningbo Joyson Electronics hit the daily trading limit after announcing they secured orders totaling CNY15 billion (approximately USD2.1 billion) from two leading international automakers. As of midday in Shanghai, the company was trading 10% higher at CNY30.48 (around USD4.28). The company plans to develop a range of automotive smart components for these clients, intended for their global vehicle lines, with mass production expected to…
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