Fangzheng Auto signs long-term supply deal with BAK Power for EV battery parts

Ningbo Fangzheng Automobile Mold has signed a long-term deal with Shenzhen BAK Power Battery to supply precision structure components for EV batteries. BAK Power will purchase 30 million pieces in 2022-2023, and from 2023-2025 Fangzheng will be primary supplier with annual purchases of no less than CNY 400 million.

“BAK Power will purchase 30 million pieces of precision structure components for electric car batteries this year and next.”www2.yicaiglobal.com

• 1 source
• www2.yicaiglobal.comChina’s Fangzheng Gains as BAK Power Places Long-Term Order for EV Battery PartsTang ShihuaApr 11, 2022

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