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Nexans autoelectric deepens cooperation with maker of premium sports cars.

Floss, 7 July 2022 Nexans autoelectric secures its second major order in a strategically important business segment. Just one year after winning the wiring system contract for a prestigious sports car manufacturer, Nexans autoelectric Group scored another coup in what is a relatively new area of business for the Group's European division.

From 2025 to 2035, the Group will supply all low-voltage cable harnesses for the interior, cockpit, engine compartment and special functions to a German car maker specializing in high-performance sports vehicles.The automotive supplier from the Upper Palatinate region expects annual sales of up to 50 million euros at the peak of this production period.

Demanding development work and logistical challenges
The sometimes very complex cable harnesses are manufactured in the Group's foreign production plants. Product and process engineering as well as the development of extensive logistical processes will start in the coming weeks and largely take place in Germany. From a logistics point of view, what's special about this order is that it largely involves customer-specific cable harnesses, which are delivered to the customer in a just-in-sequence process. This means that just a few days after the order is received, the cable harnesses – which are designed precisely for the vehicle configured by the end customer – have to be ready in a precise sequence on the car maker's assembly line.

On course for long-term success with new business segments
With the latest business deal, Nexans autoelectric continues to pursue its consistent strategy of keeping the company on a healthy growth path in the long term by expanding and developing new business areas. For a long time now, the company has very successfully anticipated the substitution of combustion engines and associated engine wiring, in particular by equipping electric and plug-in hybrid vehicles. The current share of total sales in this division is already over 20% – significantly higher than the current global market share of battery-powered vehicles.

In the coming years, the company expects further significant sales growth in the field of electromobility.

Along with the new business deal, the need for skilled workers and specialists is also increasing, primarily at the company's German sites.