# 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.

- Type: Contract
- Announced: 2022-04-11
- Where: China
- Value: $63.0M (400.0M CNY)
- Status: completed
- Products: precision structure components for EV batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ningbo Fangzheng Automobile Mold](https://endata.com/companies/62220.md) (supplier)
- [Shenzhen BAK Power Battery](https://endata.com/companies/62221.md) (customer)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/china-fangzheng-gains-as-bak-power-places-long-term-order-for-ev-battery-parts), 2022-04-11: "BAK Power will purchase 30 million pieces of precision structure components for electric car batteries this year and next."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.