Lingyi Itech signs CNY 2.2B battery parts supply deal with German carmaker

Lingyi Itech's subsidiaries will supply battery covers, auxiliary components, and injection molding and stamping parts to an unnamed German carmaker's battery subsidiary. The deal runs from 2025 to 2029 and is valued at approximately CNY 2.2 billion.

“Lingyi Itech will provide battery parts such as top covers and shells to the battery making subsidiary of a German auto manufacturer in a deal estimated to be worth as much as CNY2.2 billion.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Lingyi Itech Inks USD302 Million Deal to Supply Battery Parts to German CarmakerTang ShihuaAug 18, 2023

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