Tung Thih Electronic (TTE), a major automotive-electronics parts supplier in Taiwan, recently won an order from General Motors (GM) for parking sensors used in the automaker’s factories in 19 nations, having defeated major suppliers such as Bosch, Valeo and Denso to win the seven year deal.

TTE has also won orders from Mercedes-Benz and Renault, and will begin shipments in 2014, Taiwan Economic News reported.

GM orders on average annually over 11m parking sensors, more than the capacity of TTE’s factories in Taiwan and China in 2011. TTE’s parking sensor shipments will peak in 2015.

TTE said GM has also ordered blind spot information system (BLIS), parking assist system/auto parking system and other equipment which will further help diversify TTE’s revenue sources. TTE is the world’s third-largest supplier of parking sensors.

Compared with other major international suppliers of parking sensors, industry insiders said, TTE focuses on automotive safety systems.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now