(Yicai) Feb. 29 -- Shares in Jiangsu Beiren Smart Manufacturing Technology surged today after the Chinese car manufacturing robotics company said it has scored a EUR10.6 million (USD11.5 million) order for the construction of automated production lines from Italian vehicle parts supplier Marelli Suspension Systems.

Beiren’s share price [SHA:688218] closed up 6.7 percent at CNY18.34 (USD2.55).

Beiren will supply Marelli with automated production lines for the assembly of rear subframes, which connect the front suspension with the body structure, at the firm’s factory in Italy, the Suzhou-based company said yesterday, citing the order received on Feb. 27. The project includes the design, installation, commissioning and after-sales servicing of the machinery.

The project is worth 11.3 percent of Beiren’s revenue in 2022, said Beiren, which also counts Spain’s Gestamp, Canada’s Cosma and Germany’s Benteler among its foreign clients. However, since deliveries will be in July 2025, the deal will not significantly impact the firm’s performance this year, it added.

Beiren specializes in industrial robot automation and intelligent system integration solutions for the auto industry. It provides customers with equipment, technology and service turnkey engineering services.

Editor: Kim Taylor