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IAT Automobile Technology’s Successful Bid for New Energy Vehicle Components Project Is Cancelled; Both Sides Ink Deal to Waive Claims
3 day ago /
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Author：小编
On July 14, IAT Automobile Technology Co., Ltd. declared that it had reached a Termination Agreement with Nanning Industrial Investment Automobile Park Development Co., Ltd., thereby cancelling the contract for a new energy vehicle components project that it had secured in 2021. The specific amount of the original successful bid for this project remains undisclosed. The contract's cancellation stemmed from a joint decision by both parties involved. IAT clarified that this development would not substantially affect the company's present financial standing or operational performance.
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